UK - The British Chamber of Commerce has called for an immediate suspension of the 2010/2011 Pension Protection Fund levy in a bid to support employers affected by the economic downturn.
Pension schemes to face 'quality mark'; BCC calls for pensions levy to be scrapped; SPC calls for end to annual rise in final salary pensions; British firms must find hundreds of millions for bosses' pensions
The Pensions Regulator is set to launch an expert services framework where pre-selected specialist firms give advice or evidence during complex governance or investment investigations.
The aggregate funding position of the 7400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.
My column last week ended with a defence of public sector defined benefit pension schemes and the hope that from this last bastion of shared risk, a future model for retirement savings might one day emerge.
UK - The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warned.
The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warns.
The aggregate funding position - total assets minus total liabilities - of defined benefit schemes improved by over £40bn over the last month, the Pension Protection Fund says.
UK - A High Court test case involving the Ilford Pension Scheme will determine if trustees owe any duties to the Pension Protection Fund, lawyers said.
Andrew Sheen takes a look at how current economic turmoil is affecting defined benefit pensions