Tag Archives: Pension Protection Fund
The PPF is waggling its tail at what it can do with a spare £14.1bn
The PPF has a smile on its face The lifeboat fund has proposed maintaining a zero PPF levy for conventional defined benefit schemes, having confirmed in September it would not charge a levy for 2025/26. The PPF confirmed its current reserves alongside … Continue reading
Posted in pensions
Tagged Pension Protection Fund, Pension Schemes Bill, Torsten Bell, Treasury
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Why Steelworkers should question this pension buy-out.
News that Pension Insurance Corporation (PIC) has rescued those former members of the British Steel Pension Scheme who are currently in the PPF assessment period has been widely promoted by PIC’s financial PRs and got some favourable coverage in … Continue reading
Posted in age wage, BSPS
Tagged #pensions, British Steel, BSPS, Pension Protection Fund, Pensions, ppf
10 Comments
Don’t panic about Carillion’s pensions.
The fate of Carillion as a company is in the balance. Up to 20,000 jobs are at risk. Bond and equity holders are likely to lose substantial sums. Carillion driven projects are likely to suffer and 28,000 members of Carillion … Continue reading
Posted in pensions, Pensions Regulator, Retirement
Tagged BHS, BSPS, Carillion, Pension Protection Fund, pensions, ppf
8 Comments
30,000 is a lot of people.
At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading
Posted in BSPS, drawdown, pensions
Tagged BSPS, BSPS2, Drawdown, Pension Protection Fund, pensions, ppf
7 Comments
The pension transfer debate can’t be left to experts!
I’m a big fan of outright hostility on social media, especially if it is directed at me. I don’t rate myself as anywhere near as good as Paul Lewis – who is the master at absorbing and developing such hostility … Continue reading
Good and bad news for Tata’s pension scheme
BSPS members down but not out The deal facing members of the British Steel Pension Schemes(BSPS) isn’t great , but it’s a whole lot better than that predicted. What’s clear is that there won’t be much future accrual of defined … Continue reading
Posted in pensions
Tagged British Steel, BSPS, defecit, defined benefit, Defined Contribution, ft, pension, Pension Protection Fund, ppf, tata, TPR
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Shutting the stable door?
We probably know more about the solvency of our defined benefit pension schemes than we have ever done. They are subject to rigorous examination by Experian who stress test them for failure to calculate their levy to the Pension … Continue reading
A Faustian Pact that could hurt us all
In a potentially disastrous development to the negotiations around British Steel’s pension benefits, the Government is considering allowing the rights of British Steel workers (including those drawing their pensions) – to be cut. There is no precedent for this. Pensions … Continue reading
Posted in pensions
Tagged BHS, Business, Dr Faustus, Employment, Fausian Pact, Kit Marlowe, pension, Pension Protection Fund, pensions, ppf, Retirement, Tata steel
3 Comments
How we sort the master trust problem
I sat next to someone at a meeting yesterday whose demeanour, ideas and the articulation of those ideas, was so impressive that I was at times scared to open my mouth. I felt in the presence of greatness. I’ve … Continue reading
Posted in pensions, Retirement, workplace pensions
Tagged Aegon, auto enrolment, DWP, Ian Pittaway, MAF, master trust, Pension Protection Fund, ppf, Sackers
4 Comments
Learning to live from what’s in the (pension) pot
Today’s the red letter day for the Pension Regulator (and to a lesser extent- the Pension Protection Fund) , when they find themselves under the scrutiny of the DWP Select Committee. In question is the competence and capability of both … Continue reading
Posted in CDC, pensions
Tagged CDC, Pension Protection Fund, risk sharing, target pension, The Pension Regulator, TPR, UNISON, Unite
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