Pensions - Articles - Could the BHS liquidation change pensions?


Jade Murray, Pensions Partner at Addleshaw Goddard stated: "Whether this will change anything for pensions will depend on two things. One, whether the Pensions Regulator takes action against anyone involved in the saga, and whether that in turn makes companies fund their pension schemes better during the times when they can afford to.

 And two, where Frank Field's parliamentary enquiry gets to and whether the proposals he is already hinting at, to restrict companies from paying dividends unless their scheme funding improves or trustees agree, are supported by the government of the day. Where the government gets to on its consultation on tackling the deficit in the British Steel pension scheme could also play a part, if the law is changed to provide alternative options for keeping big schemes with big deficits out of the PPF."

Back to Index


Similar News to this Story

2025 is a key year for pensions to consider their endgame
Aon has said that 2025 is a key year for UK pension schemes and has formed the UK Endgame Strategy team to help schemes with the decision-making proce
How pension tweak could save employers thousands
National Living Wage increased this month from £11.44 to £12.21 per hour. Employer National Insurance (NI) has also risen and the threshold at which e
2024 pension contributions surge but gender gap widens
New analysis from PensionBee highlights a sharp increase in pension contributions in 2024, despite ongoing pressures on household budgets.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.