Kier Group cut the aggregate deficit of its defined benefit (DB) schemes by £43m over 2016, according to its latest annual results.
Across the schemes, the deficit figure stood at £67.8m on the IAS 19 accounting measure on 31 December 2016, compared to £110.5m at the end of 2015. Combined assets totalled £1.65bn, plus £14m of deferred...
The Pensions Regulator (TPR) has banned two trustees after they lost over £15m of members' funds in unregulated investments.
Clarity over the controversial money purchase annual allowance is needed after it was removed from the Finance Bill, according to Pensions Buzz respondents.
Frank Field is pressing Sir Philip Green to publish undisclosed details about the settlement he reached with The Pensions Regulator (TPR) on British Home Stores (BHS) at the end of February.
The Department of Work and Pensions (DWP) will amend legislation to allow contracted-out benefits to be transferred into a scheme which has never been contracted-out.