Liberty International has insured its defined benefit pension scheme liabilities with Pension Insurance Corporation in a £61m deal.
A former trustee has questioned The Pensions Regulator's powers when it comes to enforcing contribution orders against foreign parent companies.
UK - A former trustee has questioned The Pensions Regulator's powers when it comes to enforcing contribution orders against foreign parent companies.
Aviva UK life and pensions new business sales fell almost 25% in 2009 as the insurer was hit by the tough economic conditions, but bumper Q4 sales have given it confidence for 2010.
The Independent Democratic Union has accused the AA's private equity owners of "plundering" after it proposed capping pensionable salary increases at 1%.
The Reader's Digest Association says The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
UK/US - The Reader's Digest Association said The Pensions Regulator will not approve a rescue plan for its pension scheme, throwing the future of its UK business into jeopardy.
The NEC Group is proposing closing its final salary pension scheme to future accrual, affecting just over 40% of the permanent workforce.
The strongest companies could see their Pension Protection Fund levy triple because of uncertainty around how their failure scores are calculated, Mercer warns.
The Pensions Regulator formerly exercised its powers in almost 800 active cases over a period of six months last year.