The trustees of the £2bn Plumbing and Mechanical Services (UK) Industry Pension Scheme are seeking court approval to use scheme funds in potential upcoming legal battles.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.
Employers in an industry-wide defined benefit (DB) scheme are braced to receive demands to pay section 75 debts.
Plumbing pensions trustees are "failing in their duty" to provide participating employers with the information they need to prepare for onerous section 75 debts, the Plumbing Employers Action Group (PEAG) says.
Andy Lewis says the introduction of deferred debt arrangement in the employer section 75 debt regulations may bring relief but not be the best solution
Defined contribution (DC) and contracted-out rights will be allowed to be transferred without member consent under regulations soon to be introduced.
The High Court has ruled that Wedgwood made an effective and valid decision when closing the Wedgwood Group Pension Plan (WGPP) to future accrual and ending the final salary link.
The Plumbing and Mechanical Services (UK) Industry Pension Scheme has temporarily banned any of its sponsoring employers from leaving the scheme.
Anne-Marie Winton looks at how a proposed Section 75 amendment could help non-associated multi-employer schemes.
The Institute of Chartered Accountants of Scotland (ICAS) has called on the Scottish government to reform cessation debt rules in the Local Government Pension Scheme (LGPS).
The impact of a takeover on a pension scheme can be significant. Tom Jackman looks at how trustees can ensure they are on the front foot.
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
For sponsors in a multi-employer scheme, section 75 debt can be the bane of their operations. James Phillips explores whether DWP's plans to tackle this go far enough
The Department for Work and Pensions (DWP) has launched a consultation on allowing employers in multi-employer schemes to defer their cessation debt.
Trustees of an industry-wide charity pension scheme have completed a £70m buy-in with Aviva, which will flip into a full buyout with the insurer over the next 12 months.
The industry finally has some understanding of the government's position on the future of DB regulation. James Phillips explores if it goes far enough
Jane Marshall says it is important to learn from the past if we are to build a strong pension model for the future.
The government has missed out by failing to amend "draconian" section 75 debt regulations and tax relief for lower paid earners, Baroness Ros Altmann has said.
Helen Morrissey hopes to see a speedy resolution to issues within the industry-wide plumbing scheme.