There appears to be genuine division within the industry over whether or not the Budget freedoms should be extended directly to defined benefit (DB) members.
On the one hand, they can already take a transfer value and move into a defined contribution (DC) arrangement to get the flexibilities. On the other, this is somewhat prohibitive as it forces them to take...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).