Pension Protection Fund

Paul Masterton MP disagrees there is no affordability problem in DB schemes, and calls for a statutory override to allow trustees to switch to CPI

The combined deficit of the UK's defined benefit (DB) schemes rose by £40bn over August, according to the Pension Protection Fund's (PPF) latest index.

A regulated apportionment arrangement (RAA) has been conducted for the British Steel Pension Scheme (BSPS) after no appeals were lodged since it was agreed in principle last month.

The Department for Work and Pensions (DWP) is consulting to resolve an "anomaly" where recipients of bridging pensions who enter the Pension Protection Fund (PPF) receive a higher rate of compensation for the rest of their life.

The Pension Protection Fund (PPF) has called on widows and widowers in same-sex marriages or civil partnerships to check whether they are receiving their full survivor entitlement from the lifeboat fund.

Peter Laurence has been appointed to a newly-created role at Trafalgar House to expand the business.

Industry says as professionals, punishment should be given due to their level of expertise.

Last week's agreement on a regulated apportionment arrangement (RAA) to split Tata Steel UK (TSUK) from its defined benefit (SB) pension fund fails to answer fundamental questions.

The regulator and lifeboat fund have agreed plans to sever the £15bn British Steel Pension Scheme from Tata Steel UK after months of negotiations with the trustee and sponsor.

The aggregate balance of the UK's defined benefit (DB) schemes improved by £6.2bn over July, according to the Pension Protection Fund's (PPF) 7800 Index.