Some of the government's proposals to change benefits at the British Steel Pension Scheme (BSPS) involve "significant risks for relatively limited gains" according to the Pensions Protection Fund (PPF).
In its response to the government's consultation which ends tomorrow, the PPF assessed the four proposals being considered to save Tata Steel UK. It comes on the back of concern over two of the options...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".