The Department for Work and Pensions (DWP) has launched a consultation to clarify how the Pension Protection Fund (PPF) should treat transferred-in defined benefit (DB) entitlements when calculating compensation.
The call for input comes after the High Court last year disagreed with the PPF Ombudsman that transferred-in benefits from an old employer to a new employer should be aggregated when calculating PPF compensation....
This week's edition of Professional Pensions is out now.
Laytons partner Jennie Kreser speaks of her concerns over pension outcomes.
Guy Opperman has indicated his support for a fresh pensions commission as the government seeks to understand how to progress pensions policy in a wide range of areas.
Auto-enrolment (AE) minimum contribution rates could rise to 12% by 2030, with a 50/50 split between employer and employee, the Pensions and Lifetime Savings Association (PLSA) says.