Page 73 - Defined Benefit News Today

The Financial Conduct Authority (FCA) has proposed some updates to its current methodology for calculating redress for unsuitable pension transfer advice, including the British Steel Pension Scheme (BSPS) redress scheme.

Investegate announcements from Travis Perkins, Travis Perkins plc - Half year results for the six months ended 30 June 2022

DJ Travis Perkins plc - Half year results for the six months ended 30 June 2022 Travis Perkins (TPK) Travis Perkins plc - Half year results for the six months ended 30 June 2022 02-Aug-2022 /

The pensions sector has received an injection of innovation today as a brand new type of pension scheme officially opened for applications in Great Britain.

GMP equalisation – the equalisation of the amount of guaranteed minimum pension (GMP) between the sexes is increasingly one of the top priorities for pension schemes.

The landmark Pension Schemes Act 2021 made our pensions safer, better, and greener.

Strong investment performance during the Covid pandemic has helped the Universities Superannuation Scheme (USS) shrink its deficit down from £14bn to £1.5bn during 2021/22.

A relic of the cold war may be making a comeback

The Financial Conduct Authority (FCA) failed to protect British Steel Pension Scheme (BSPS) members from “unscrupulous financial advisers” who were financially incentivised to provide unsuitable advice, and the regulator was “behind the curve” in its response, according to a report by the Public Accounts Committee (PAC).

Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.