Search results

Mansion House Reforms: our response to the call for evidence on DB schemes

Today we’ve published our response to the Department for Work and Pensions call for evidence on Options for Defined Benefit Schemes.

Levy rules for 2024/25 year published

Today we’ve published our policy statement with the formal levy rules. 

Our response to the Autumn Statement

We welcome the government’s commitment to establishing a public sector consolidator and their recognition that we'd be well placed to take on this additional and separate role.

We've appointed 10 firms to our new four lot legal panel

We're pleased to announce that we've completed our procurement for legal services and 10 firms have been appointed under our new four lot legal panel structure.

Our statement on the government's response to the WPSC defined benefit report

Today, the Work and Pensions Select Committee (WPSC) published the response by the Department for Work and Pensions (DWP) to their report on defined benefit pension schemes. 

Update on the European Court of Justice ruling

Our previous article about implementing the European Court of Justice ruling gave you an overview of our interim approach to calculating any increases due and provided some illustrative examples of what it might mean in practice for members.

Kate Jones announced as Chair of our Board

Today the Department for Work and Pensions (DWP) announced that Kate Jones will take up the post on 1 July, taking over from Arnold Wagner OBE.

Next steps after court ruling on Hampshire methodology

The Administrative Court’s judgment in June 2020 upheld our general approach to calculating increases in compensation as a result of the Hampshire ruling. But it also said we need to make sure members and survivors each receive at least 50% on a cumulative basis of the actual value of the benefits their scheme would have provided. 

Implementing the European Court of Justice ruling

In September 2018 the Court of Justice of the European Union (the CJEU) ruled that pension scheme members should receive at least 50% of the value of their accrued old age benefits if their employer became insolvent.

Court of Appeal judgment on Hughes judicial review

The Court of Appeal has supported our approach for increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case.