member transfers
Balancing speed and security is key to DB transfers
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.
Five stories you may have missed this week
This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.
Occupational pensions worst for transfer delays yet failing to help find solutions
Occupational schemes and their administrators are lagging behind in their involvement in an industry-wide discussion on slashing transfer delays, Tom McPhail has said.
FTSE350 deficits rise 50% in 5 years despite £75bn contributions
Defined benefit (DB) deficits at FTSE350 companies have swelled by £34bn since 2010 despite £15bn being paid into them annually.
No blanket ban on DB transfers, says industry
The government should not impose a blanket ban on members transferring their defined benefit (DB) funds, according to an overwhelming 90% of Pensions Buzz respondents.
Can British Steel pensions be saved without cuts?
Financier Edmund Truell believes he can protect British Steel benefits. Michael Klimes examines the details
TPR acts on governance failings in London Quantum scheme
The Pensions Regulator (TPR) has given fresh warnings about pension liberation as it takes action to protect members in the London Quantum Retirement Benefit Scheme.
BT to pilot advice service for DB members
BT will soon roll out a trial advice offering for its active defined benefit (DB) members to help them make more informed choices.
Industry rejects time limit on DB recovery plans
Majority of respondents urge against introducing mandatory time limit on recovery plans according to PP research.
Pensions dashboard should be hosted on multiple sites, working group recommends
Dashboard will be implemented by 2019
Have your say: should there be time limits on DB recovery plans?
In this week's Pensions Buzz we want to know if there should be a mandatory limit on recovery plans for DB schemes and how long for.
McPhail: transfer pensions in seven days like bank accounts
Pension transfers should take no more than seven days between providers according to Tom McPhail.
One year on: how freedom and choice is changing pensions
Freedom and choice is producing unexpected results across DB and DC schemes
Will High Court ruling against Royal London open floodgates for liberation scams?
The landmark ruling could put trustees in a very difficult position and endanger members
Five stories you may have missed: tax relief predictions; blocked pension transfers; UK Pension Awards
The biggest stories on PP this week include Webb accusing Osborne of "daylight robbery" and the shortlist for the UK Pension Awards 2016. Here are the top five.
NAO: Poor process and lack of resources explain civil service pension delay
A series of system and communication errors led to delayed pension payments to civil servants after administration was moved to MyCSP, a National Audit Office (NAO) report says.
Treasury's action plan to tackle transfer issues and high exit fees
PP gives a run-down of how the Treasury will act to remove ‘unjustifiable barriers' to people looking to access their pension pots under the pension freedoms.
Working group finds way to speed up pension transfers
The Common Declarations Working Group has devised an agreed set of words to remove the need for paper-based forms to make pension transfers.
APFA calls for pension transfer value 'abolition or radical overhaul'
TVA is wrong approach post-pension freedom
DB transfers double since January
The number of people transferring out of defined benefit (DB) schemes each month doubled over the last year, according to figures from Xafinity.
DB to DC transfer enquiries double in just one month
Almost one in eight calls to Fidelity's Retirement Service in October was from people enquiring about how to use their defined benefit (DB) pots following the April pension freedoms.
Safe harbour ruling: What pension schemes need to know
A European ruling could force trustees to take radical action on how they transfer member data finds Michael Klimes
DB schemes' 'slow' response time delaying pension transfers
DB schemes take 'up to three months' to respond
The top five items for DC trustees' agendas
Emma Martin highlights the top five issues for trustees of defined contribution schemes.
