Southern Water will be forced to cough up more money for its pension scheme earlier than planned after The Pensions Regulator (TPR) intervened in what it said was "unfair treatment" of the scheme.
Around £50m of additional money will be paid into the scheme over a shorter recovery plan period, with initial payments up to twice as much as detailed in the recovery plan following the scheme's 2013...
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.