The Pensions Regulator's updated guidance on winding up schemes published last week illustrates a cooperative, practical approach that many in the industry will welcome.
In its guidance, the regulator said that when schemes attempt to reconcile the data they hold on GMPs with that held by HM Revenue and Customs, they should allow a £2 per week ‘tolerance level’ rather...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.