FAS

Jack Jones looks at the angry reaction to changes to the cap on PPF benefits

Almost 4,000 members of the Financial Assistance Scheme have had their benefits reduced after overpayments resulting from administrative errors.

The industry is failing to inspire confidence in pensions according to research from PP that found seven out of ten professionals believe it is not doing enough to restore trust.

Members of the Pensions Action Group have renewed lobbying MPs to improve their compensation package from the Financial Assistance Scheme.

The trial of Tony Morris, who is accused of defrauding a number of pension funds as part of the £52m GP Noble fraud, has started at Southwark Crown Court.

The Pension Protection Fund is setting up a panel of administration firms in a bid to cut the time schemes spend in its assessment period.

The Pension Protection Fund has finalised how it will equalise guaranteed minimum pensions and started a six-month pilot project to test its methodology.

The Pensions Action Group has met with Steve Webb to demand improvements to the Financial Assistance Scheme.

Trustees of schemes eligible for the Financial Assistance Schemes have been warned off buying missing beneficiary insurance by the Pensions Protection Fund board.

The importance of properly identifying a scheme's statutory employer is critical and The Pensions Regulator's statement on the issue was not hard hitting enough, a lawyer says.