News

The British Steel Pension Scheme (BSPS) has told MPs it has given members enough guidance and information to make informed choices about their pension.

Industry experts are worried many British Steel Pension Scheme (BSPS) members will end up in the Pension Protection Fund (PPF) instead of switching to the new fund.

Pension providers should be required to pay out lump sums and other pension benefits to members before they reach minimum pension age in cases of ill health, MP John Mann has said.

Professional trustees will need to comply with six areas of standards from April or May next year under plans to bolster pension scheme governance.

The £29.6bn Pension Protection Fund (PPF) has appointed Purna Bhudia as head of credit.

Auto-enrolment (AE) has now brought nine million workers into occupational pensions since its introduction in 2012, latest government figures show.

All past and current members of three Pirelli defined benefit (DB) schemes have had their benefits insured through buy-ins worth £100m with Pension Insurance Corporation (PIC).

The roll-out of the government's Help to Save scheme could lead to a rise in automatic enrolment (AE) opt-out rates and have a much bigger impact than the Lifetime ISA (LISA), Aegon has warned.

Investment manager State Street Global Advisors (SSGA) has taken a minority stake in online pension consolidation business PensionBee

Defined benefit (DB) schemes have hit their best funding position since April 2014, according to the Pension Protection Fund (PPF).