The Pension Protection Fund (PPF) hopes to conclude compensation payments to its members receiving less than 50% of their original benefit entitlements between April and summer this year, so long as it can collect the necessary information.
It comes after the European Court of Justice (ECJ) last year ruled that PPF compensation was unlawful if members' benefits did not amount to at least 50% of their pre-insolvency entitlements. The PPF...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.