Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
Parliamentary Ombudsman publishes report on pensions
Ann Abraham the Parliamentary Ombudsman has published a report which has found the Treasury the former regulator (OPRA) the National Insurance Contributions Office and the Department for Work and Pensions (DWP) guilty of maladministration in connection with official guidance on the security of final salary occupational pension schemes. The Ombudsman criticised the guidance for being 'inaccurate incomplete unclear and inconsistent'.
The Ombudsman's report was initiated because of complaints from thousands of workers who had lost pension benefits after their employers became insolvent. Many of these schemes were funded to the then statutory...
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Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
Parliamentary Ombudsman publishes report on pensions
Ann Abraham the Parliamentary Ombudsman has published a report which has found the Treasury the former regulator (OPRA) the National Insurance Contributions Office and the Department for Work and Pensions (DWP) guilty of maladministration in connection with official guidance on the security of final salary occupational pension schemes. The Ombudsman criticised the guidance for being 'inaccurate incomplete unclear and inconsistent'.
The Ombudsman's report was initiated because of complaints from thousands of workers who had lost pension benefits after their employers became insolvent. Many of these schemes were funded to the then statutory...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
