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Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.

The Pensions Regulator will not pursue moral hazard proceedings against Chemtura to a full determinations panel hearing after the chemical company agreed to contribute £60m to its UK pension scheme.

The Department for Work and Pensions has published a guide to pensions terminology in an attempt to strip away "unintelligible language and confusing jargon".

Early retirement through ill-health was the most common source of complaints received by the Pensions Ombudsman last year, its annual report says.

UK - Trustees of Uniq's pension scheme - which owns 90% of its sponsor - have agreed to sell the sandwich maker for £113m ($178m) to Greencore.

Trustees of Uniq's pension scheme - which owns 90% of its sponsor - have agreed to sell the sandwich maker for £113m to Greencore.

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Many defined contribution schemes are failing to achieve the most basic governance requirements as the industry focuses on defined benefit issues, independent trustees argue.

The aggregate deficit of schemes monitored by the Pension Protection Fund fell from £13.5bn, to £8.3bn in June.