The government must review Pension Protection Fund and Financial Assistance Scheme levels of benefits or risk seeing pensioners becoming much poorer, Susan Andrews warns.
One in six defined benefit schemes has been pledged a contingent asset to shore up recovery plans in a review of more than 1,800 plans by The Pensions Regulator.
The balance of schemes monitored by the Pension Protection Fund has fallen from a surplus of £2.3bn to a deficit of £13.5bn since the end of April, figures show.
UK - The Pension Protection Fund has appointed a further four actuarial firms in a major extension of its ‘assess and pay' project to speed up scheme entry into the lifeboat fund.
The Pension Protection Fund has appointed a further four actuarial firms in a major extension of its ‘assess and pay' project to speed up scheme entry into the lifeboat fund.
The Department for Work and Pensions has launched a consultation to extend the rules of the Financial Assistance Scheme to insure schemes exempt from the Pension Protection Fund.
In the second of a three-part series on the sustainability of pensions in the UK, Con Keating, head of research at Brighton Rock Group, discusses the strength of private DB schemes
Scapa Group has reduced the deficit of its three UK defined benefit schemes by £3.6m, results show.
Jonathan Stapleton talks to PPF head of operations development Phillip Beecroft about the lifeboat fund's assess and pay programme one year after the pilot scheme was launched.
Schemes with high insolvency scores could see their insolvency probability increase by a factor of five under the Pension Protection Fund's new levy framework, a consultant says.