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PPF must not cut pensions by more than half, EU court rules

The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.

CJEU rules against PPF cap

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On the go: The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.

Whitbread expected to plug deficit following Costa sale

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Leisure group Whitbread is likely to fill the deficit in its defined benefit scheme after having agreed the sale of coffee chain Costa to drinks group Coca-Cola, according to Numis broker Tim Barrett.

LPFA looks to build on latest property allocation

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The London Pensions Fund Authority will cut the ribbon next year on the Pontoon Dock, a residential property project incorporating 154 high quality privately rented homes and 82 affordable homes available for rental or shared ownership.

The Weekly Wrap: August 31 edition

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A round-up of the pensions news stories published across the FT Group this week, from the Russian president’s compromise, to the potential cost of failing to deliver the pensions dashboard.

Regulator tells schemes to consider cutting transfer values

The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.

Regulator calls for schemes to consider lowering transfer values

On the go: The Pensions Regulator has asked the trustees of several defined benefit schemes to contemplate cutting transfer values for workers opting out of schemes.

Dromey: Government can use HPE contracts for pensioner justice

The shadow pensions minister has called on ministers to leverage lucrative contracts it awards to Hewlett Packard Enterprise to persuade the company to protect pensioners who are seeing their benefits eroded by inflation.

Renishaw in recovery plan discussion with regulator

British engineering company Renishaw has been in discussions with the Pensions Regulator after the watchdog questioned its recovery plan, potentially leading to a £45m cash contribution to the scheme if the current recovery plan is terminated.

Rhondda Cynon Taf approves plan for alternatives

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The Rhondda Cynon Taf Pension Fund has agreed to wind down its lofty equity exposure in favour of new allocations to absolute return bonds and infrastructure.