Broadcaster ITV found itself in the headlines last week after The Pensions Regulator issued a determination ordering it to support the Box Clever Group Pension Scheme, a fund burdened with a deficit of £62m.
The network was less than pleased to be on the receiving end of a dreaded financial support direction, which means the recipient has effectively abandoned its pension responsibilities (it has appealed...
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