News

Long-awaited changes to the Pension Protection Fund (PPF) compensation cap are facing continued delays, PP understands

A consultation into capping early exit charges for occupational pensions has revealed how "torturous and more opaque" the system is compared to personal pensions.

Brick maker Ibstock is consulting on closing its defined benefit (DB) scheme to future accrual, potentially affecting 40% of the company's UK staff.

The regulator should completely ban all pension early exit charges to prevent any saver being penalised for taking advantage of the freedom and choice reforms, Hargreaves Lansdown has said.

Royal London has posted a significant increase in new business thanks to employers switching their auto-enrolment (AE) schemes from other providers.

Co-operative Bank has been given the right to a refund of surplus in the Britannia Pension Scheme, after consulting the trustee and lawyers.

The Pensions Regulator (TPR) has issued PTL with the maximum fine after it failed to prepare annual governance statements for three schemes.

More than 100,000 people have signed a parliamentary petition to demand the government re-consider proposed changes to the Local Government Pension Scheme (LGPS) investment regulations.

The Pensions and Lifetime Savings Association (PLSA) will introduce a Retirement Quality Mark (RQM) later this year, it has announced.

The Bank of England (BoE) has purchased more than £3bn worth of long-dated gilts as part of its latest stimulus package, after failing to meet targets last week.