The headline from an article in The Telegraph may cause some concern. But what should pension trustees do when faced with a request from a member that wants to take advantage of ‘Pensions Freedom’? For a start it may be that your scheme doesn’t allow (or cannot allow) individuals to undertake a pensions freedom transfer, […]
I found an interesting, but concerning article on City AM entitled “Total deficit on pension schemes eligible to board the pensions lifeboat grew by more than £20bn in a month“. The reporter (Hayley Kirton) refers to the latest PPF 7800 Index figures, which keep track of the funding position of the defined benefit (DB) pension schemes eligible […]
It was bound to happen almost like night follows day, in this case BHS, Austin Reed and now Tata Steel, yes its pension schemes back in the news and as always never in a good light. The headlines and commentary continually point the finger at the employer and/or owner of the business but no one […]