Pension Protection Fund

Baroness Altmann believes DB scheme consolidation would both reduce administration costs and deliver better outcomes for members

The PLSA's DB taskforce has released more details about its suggested scheme consolidation route, but questions remain about how it would work in practice. James Phillips reports

The Pension Protection Fund (PPF) will seek to collect £550m in levies from the industry in the 2018/19 tax year, it has announced, down more than 10% from 2017/18.

There are increasing calls to review the process for regulated apportionment arrangements, which are still rare. Stephanie Baxter explores the rationale for a more flexible framework.

Frank Field MP has written to The Pensions Regulator (TPR) seeking information about how members' benefits will be safeguarded in the new British Steel Pension Scheme (BSPS).

The Department for Work and Pensions (DWP) is planning to increase the Financial Assistance Scheme's (FAS's) compensation cap for members with more than 20 years' service.

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.