However, the PPF provides a significant measure of security
for pension scheme members who have often saved for much or all of their working lives into their pension schemes.
The
IBM pension scheme members were employees or former employees of IBM UK which was therefore subject to the contractual duty of trust and confidence.
To compile the report, ClientEarth contacted twelve pension providers, including major players such as Aviva, Scottish Widows and Legal & General, representing more than 11 million
workplace pension scheme members.
The QROPs Information Regulations specify the reporting requirements for the provision of information by scheme administrators of registered pension schemes and scheme managers of overseas pension schemes to
registered pension scheme members.
According to to recent consumer research of contract based schemes conducted on behalf of the Independent Governance Committees (IGCs),
pension scheme members value the security of their assets more highly than aspects such as charges...
The Work and Pensions Committee has published the Pension freedoms: ninth report of session 2017 - 19 report that suggests measures to «facilitate a pension freedoms market that works better
for pension scheme members.»
You, the council taxpayer, are required to honour promises made to
pension scheme members.
The case turned on very specific facts, including importantly, that
the pension scheme member in question, Mrs Staveley, died in 2006 so the relevant IHT legislation was that which was in force at the time.
There was however a successful legal challenge a few years ago, in which it was decided that for
some pension scheme members, especially those with long service, the cap meant that their benefits were not reasonably protected.