Bus company Stotts Tours (Oldham) faces the prospect of losing its operating licence after deliberately failing to enrol its eligible workers into a pension scheme.
The Office of the Traffic Commissioner (OTC) has called a public inquiry into the company to deliberate whether the bus company retains "good repute" as required under operating licence rules. It comes...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.