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 included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.