The Pension Protection Fund's proposed levy calculation reforms will bring "stability and predictability" to scheme payments, chief executive Alan Rubenstein says.
The cost of transferring pension risk could rocket if the economy continues to ape Japan's, a partner at Pension Corporation has said.
The Financial Services Authority says it will take action against IFA "phoenix firms" which shift their assets into a new legal entity name and then 'dump' their old liabilities.
BANKS WILL relax their grip on the first claim for collapsed companies' assets, says this morning's Times, in an attempt to ensure workers and pensioners do not lose their retirement savings.
Whitechurch Investment Services and Tudor House Financial Services are two of the 16 firms whose clients could now stand to gain from compensation paid from the Financial Services Compensation Scheme.
A new package of measures have been unveiled by the Department for Work and Pensions giving the pension regulator greater powers to prevent employers from dumping their liabilities in the Pension Protection Fund.
Pension funds will be given space to strike a balance between long-term liabilities and assets and a new "flexible" pensions regulator is being introduced, according to the Pensions Bill just released by the DWP.