The government must find an additional £4bn of annual funding for public service pensions after it was denied leave to appeal a case concerning age discrimination.
In a case concerning changes to the firefighters' and judges' pension schemes, the government had forced younger members to less generous schemes, while the oldest workers were able to continue accruing...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter