Transaction secures the benefits of 540 pensioners and 1,050 deferred members
Hymans report states the ‘unifying challenge’ facing the industry is pension adequacy
Insurer’s proposition provides potential upside for members from discretionary bonus payments
Consultation comes amid developments in the bulk annuity market
TPR warns employers face regulatory action if they walk away from pension liabilities
Smaller DB scheme solution was launched last year to help with the insurance process
Bell was reappointed to the pensions minister role in the government reshuffle
XPS says level of scam warning flags demonstrates the threat remains ‘significant’
Industry says reappointment brings ‘welcome certainty and continuity’
Appointment of new prime minister will result in a cabinet reshuffle and a possible new pensions minister