News and insight

Whilst extraordinary on its facts, this decision of the Pensions Ombudsman’s Pensions Dishonesty Unit highlights the importance of key principles of responsible trusteeship, as well as the need for vigilance against pension liberation schemes and unauthorised payments.

We round up the key pensions news for August & September, including a closer look at some key elements of the Mansion House reforms and the BBC decision on amendment power fetters. We also update you on ESG and cyber security developments, and this year’s PPF levy consultation.

Active members’ ‘interests’ includes benefits not yet earned, and amendment to the scheme’s terms concerning future service benefits would have ‘affected’ the members’ interests, leaving them worse off.