Latest articles from Pensions Expert

DB deficits continue to decrease but tensions remain

Defined benefit deficits across UK private sector pension schemes have decreased to £105bn from £180bn last year. 

Universities minister: Compensate students for UCU pensions strike

Universities minister Sam Gyimah has said universities should compensate students for teaching time lost because of academics' ongoing strike over pensions.

Post Office workers’ scheme agrees £450m buy-in

The Royal Mail Pension Plan has agreed a £450m bulk annuity transaction to insure the liabilities of its Post Office Limited section.

PPF reassures Toys R Us members after insolvency

Source: Getty Images

US retail chain Toys R Us has become insolvent despite a creditor agreement late last year. Its pension scheme, with an estimated £25m deficit, has been in a Pension Protection Fund assessment since December.

Cost of tax relief plateaus at £38.6bn

The cost of tax relief on pension contributions has reached £38.6bn, only £100m more than the previous year, after jumps in 2015 and 2010. Deducting pension-related tax, the figure comes down to £25.2bn.

TUC cautions over ‘pensions lottery’

The Trades Union Congress has today said that workers face a “pensions lottery” upon retirement.

DWP to ‘investigate’ extending removal of member consent for bulk transfers

The government has made a number of changes to regulations that will allow bulk transfers without member consent to schemes that have never been contracted out, and has said it will look into whether the rules should also apply to non-salary-related schemes.

DWP changes DC cost disclosure rules

On the go: The Department for Work and Pensions has made a number of changes to disclosure rules relating to costs and investments in defined contribution workplace schemes.

'Risk-averse' former Carillion FD sold off shares

MPs have published evidence from Carillion's former financial directors, showing that one sold all of his shares in the company as soon as possible after retiring.

Chappell ordered to pay £87k for failing to give info about BHS sale

Dominic Chappell, the director and majority shareholder of the company that bought BHS for £1, has been ordered to pay over £87,000 for failing to give information to the Pensions Regulator.