Comment: Bureaucracy victimises TSW pensioners

Jenna Towler
clock

Members of the small Television South West Pension Scheme have been arguing with the powers that be in the hope they would apply a little lateral thinking to its £228,000 Pension Protection levy bill problem. But to no avail.

You see, although the scheme didn't want or need the 37 days of PPF cover it got - it was still billed because the rules were not flexible enough. The 141 member scheme has been handed a bill of...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB schemes continue to show 'significant surplus', PwC finds

DB schemes continue to show 'significant surplus', PwC finds

The organisation said schemes reached a new funding record in October

Holly Roach
clock 07 November 2024 • 3 min read
DB endgame strategies must have capacity for flexibility, says Hymans

DB endgame strategies must have capacity for flexibility, says Hymans

Consultancy outlines changes of scenarios which could alter endgame planning

Martin Richmond
clock 06 November 2024 • 2 min read
Scheme funding levels improved in October, Broadstone finds

Scheme funding levels improved in October, Broadstone finds

Broadstone Sirius Index finds rise in interest rates improved half-hedged scheme surplus to 101.8%

Jasmine Urquhart
clock 06 November 2024 • 1 min read
Trustpilot