Through the appointment, Spence will provide specialist pension administration services to the trustees of schemes which are in the assessment process for both the PPF and the Financial Assistance Scheme (FAS). Along with the other seven panel members, the firm’s remit is to ‘significantly contribute to the effort to increase the number of schemes that transfer to the PPF within a given period, whilst delivering an excellent customer experience’. Read more »
As the PPF announces the launch of a Specialist Administration Services Panel, Rob Jones of PPF TV talks to Panel Manager, Paul Turrell, about what this will mean for pension schemes in the PPF assessment period.
Steve Webb, the Pensions Minister, feels that there should be a guarantee of some kind for people who pay into pensions. A very admirable sentiment to be sure, he is championing the cause of the employee in suggesting that they should get back at least as much as they put in to any company pension. He also goes on to say that he is “convinced people have a huge appetite for certainty about pension savings”. Read more »