Apparently it is 10 years since the Pension Protection Fund (PPF) was conceived. Back in 2003 it was just a twinkle in the eye of a Department for Work and Pensions wonk, yet to be introduced in the Pensions Act 2004.
Since it opened its doors in 2005 - to be faced almost immediately by the daunting collapse of Rover - it has grown from nothing into the £16bn behemoth we see today. This is obviously not a great sign...
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.