If Baroness Ros Altmann was less outspoken on issues of reform during her stint as pensions minister, she is certainly making up for lost time, launching her fourth attack on government policy in almost as many days.
Plumbing Pensions’ prolonged consultation with a departing employer over its exit fee has brought to light fundamental problems with section 75 debt legislation as it currently stands for non-associated multi-employer schemes.
A recent increase in reports of suspected pension scams has been called “the tip of the iceberg”, as some experts said tighter legislation would help schemes ensure their members do not lose hard-earned retirement savings.
Any Other Business: Administration specialist Trafalgar House has urged the pensions industry to address the growing risk of an imminent defined benefit skills gap as schemes wind down and the industry fails to attract a new generation of talent.
The Financial Conduct Authority Pension Plan has become the latest in a series of schemes to announce an improvement in its financial position arising from an increase in the discount rate.
Unite, the union, is seeking a mandate for strike action from its members who work for the Post Office following proposals to close the defined benefit scheme to accrual.
Comment & Analysis
Editorial: I won’t mention the Department for Work and Pensions, the government or Ros Altmann, although there would be plenty to say about them.
The Pensions and Lifetime Savings Association's Graham Vidler sets out the difficulty facing defined benefit schemes following Brexit, and explains how the PLSA will work to help the industry weather the turbulence that has followed the vote.
A flexible approach to pooling will yield better results for the Local Government Pension Scheme, says Aon Hewitt’s Dave Lyons.
Video: Jay Shah, head of origination at specialist insurer Pension Insurance Corporation, and Susan Anyan, client director at professional trustee company Capital Cranfield, break down the impact of Brexit on schemes' ability and desire to derisk.
Video: The UK's vote to leave the EU is having a major impact on markets and has created legal uncertainties. Partner at Allen & Overy Jane Higgins, and senior partner at Aon Hewitt John Belgrove, explain what schemes can do to position themselves well.
Video: High profile defined benefit schemes such as British Steel and BHS are dominating the news and making clear the risks an underfunded scheme can pose to its employer. Malcolm Weir, head of restructuring and insolvency at the Pension Protection Fund discusses what can be done.