Entering a Pension Protection Fund (PPF) assessment when Box Clever went bust would have "jeopardised" its scheme's ability to secure additional sources of funding, the Upper Tribunal has been told.
It was reasonable for the scheme to run on both when its last contribution employer went into liquidation in 2003 as well as when it gained an ability to trigger PPF assessment in 2007, according to Barnett...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.