The Pension Protection Fund has confirmed its levy determination for 2018/19 - fixing the levy estimate at £550m.
This compares to the levy estimate of £615m for 2017/18 - meaning the 2018/19 estimate is just over 10% lower. The PPF said the levy scaling factor and the scheme-based levy multiplier will be 0.48...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).