FCA delays DB transfer rules update by up to 6 months
Pensions Age reports on the Regulator’s decision to allow DB scheme pension transfers to be delayed by up to 6 months. ( link to pdf )
Former pensions minister Ros Altmann calls for six-month pause on pension transfers
International Investment website carried Ros’ call for pension transfers to be put on hold for six months. ( link to pdf )
Former pensions minister Ros Altmann calls for six-month pause on pension transfers
Ros is quoted by Professional Adviser magazine calling for a six month ban on pension transfers. ( link to pdf )
Plumbing Pensions seeks approval to fund legal battles for s75 non-payments
Professional Pensions magazine highlights the news that the Plumbing Pension Scheme has applied to the Scottish Courts to be permitted to use scheme assets to defend any challenges to its handling of the scheme assets and failures to collect past Section 75 debts from departing employers, despite statutory obligations to do so. ( link to pdf )
‘Their house is on fire’: the pension crisis sweeping the world
The Financial Times quotes Ros in its analysis of problems for Defined Benefit pension schemes and impact of ultra-low interest rates on pensions.
Ros Altmann: Amber Rudd is right to issue pensions warning – here’s why
Amber Rudd gets tough on bosses who fail to fund pensions properly – Ros article in Yorkshire Post supporting her decision
Britain’s pensions black hole stands at nearly £190bn as two in three schemes are in the red
Occupational Pension deficits are £190billion as pressure mounts on firms to increase funding for DB schemes ( link to pdf )
How to improve the advice process for DB transfers
Ros wrote an article for Money Marketing explaining her ideas about how to improve the advice process for DB transfers
USS pension scheme – all figures are estimates, no certainty
BBC Website highlights the situation with the USS pension scheme and member strikes – Ros comments on the inherent uncertainty of all pension valuations
Pensions black hole
Daily Telegraph ‘Pensions black hole – who is next in pensions time bomb?’