The Pensions Regulator (TPR) has given Coats Group written assurances that action over two of its defined benefit (DB) schemes will be dropped once settlement is complete.
In an announcement the thread manufacturer said it has signed binding settlement agreements with trustees of the UK Coats Pension Plan and the Brunel Holdings Pension Scheme (BHPS). These documents...
This week's top stories included analysis suggesting the British Steel Pension Scheme could have a £2bn surplus, while the Treasury removed its controversial MPAA cut from the Finance Bill.
Members of master trusts will see greater protection as new rules for an authorisation regime and capital adequacy have been signed into law.
Royal Mail has offered its employees a cash balance defined benefit (DB) scheme as a compromise for closing its current career average DB scheme to accrual.
The question of the state pension age will not be answered before the snap general election, the Department for Work and Pensions (DWP) has told PP.