The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
This week's top stories were the DWP fixing the 'nonsensical' no-deal Brexit investment regulations, and the Resolution Foundation urging the government to cap the pension tax-free lump sum at £40,000.
An industry group has been set up to help pension schemes equalise guaranteed minimum pensions (GMPs) following last year's landmark ruling.
The sector is responding to changes including the GMP equalisation ruling, data protection and increasing demand for administration services. Holly Roach looks at what this year has in store.
Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.
Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.
Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.
The UK's 5,600 defined benefit (DB) schemes saw their funding positions improve by one percentage point over the course of November, according to JLT Employee Benefits.
Trustees should not suspend DB to DC pension transfer activity following the recent GMP equalisation ruling, say this week's Pensions Buzz respondents.
XPS Pensions Group's revenue totalled £52.2m in the six months to 30 September, according to its interim results.
The pensions industry is split on its approach to dealing with the GMP equalisation, Aon says.
Peter Askins says the industry needs to recognise that if administration standards are to be maintained and improved, this will come at a cost
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.
The combined funding level decreased by just over four percentage points by the end of last month to 93.6%, according to the Pension Protection Fund's (PPF) latest update.
Plastics manufacturer Carclo has missed yet another dividend as it continues to battle its defined benefit (DB) pension funding shortfall.
Hogan Lovells sets out what pension funds need to do for equalising guaranteed minimum pensions (GMP) in light of the landmark Lloyds judgment.
Henry Tapper says the Lloyds GMP ruling will see little benefit for members but profound fees to administrators.
Jonathan Stapleton says the GMP headache may persist as schemes take action following ruling.
This week's top stories included the High Court ruling that guaranteed minimum pensions must be equalised, and Ford offering partial defined benefit transfers to members.
Thousands of defined benefit (DB) schemes will be forced to amend their scheme rules and equalise guaranteed minimum pensions (GMPs) between men and women, the High Court has ruled.
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.