Regulated apportionment arrangement (RAA)

The Pensions Institute argues RAA processes should be streamlined and trustees should be able to reduce benefits in a bid to help those struggling with deficits, James Phillips reports.

The Pensions Regulator (TPR) should be allowed to alter scheme indexation and benefits to ensure members get at least "second-best" outcomes.

The British Steel Pension Scheme (BSPS) has revealed the number of steelworkers cashing in their defined benefit (DB) pensions more than doubled to 482 in the year to March 2017.

This week's top stories included coverage of a regulated apportionment arrangement agreed for Hoover's pension scheme.

Hoover has become the latest firm to cut its defined benefit (DB) pension scheme adrift after The Pensions Regulator (TPR) and Pension Protection Fund (PPF) approved the plan.

This week's top stories include coverage of the political party manifestos ahead of the snap general election, and Tata Steel nearing a deal for the British Steel Pension Scheme.

Tata Steel has agreed the "key commercial terms" of a regulated apportionment arrangement with the British Steel Pension Scheme (BSPS) in a deal that could be worth in excess of £550m.

Tata Steel has reportedly offered a one-off £520m payment into the British Steel Pension Scheme (BSPS) in an attempt to cut ties with the fund.

The Department for Work and Pensions (DWP) has launched a consultation which considers allowing contracted-out pensioner members to transfer to schemes which have never been contracted-out.

A deal on separating the British Steel Pension Scheme (BSPS) from Tata Steel may be just two or three months away, according to reports.