The Menzies Pension Fund has entered into a £75m buyout with Pension Insurance Corporation (PIC) through a bespoke deal involving payments in instalments.

The Pensions Regulator's (TPR) enforcement activity hit a record high in 2017/18 after it intervened in twice as many cases as the previous year, Clyde & Co research has found.

Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).

House of Fraser's defined benefit (DB) pension scheme is expected to enter Pension Protection Fund (PPF) assessment, but may be able to buy out benefits with an insurer.

This week's top stories included a landmark ruling by The Pensions Ombudsman that a local policy authority scheme should pay benefits in full to a scam victim after it failed to provide adequate anti-scam literature to the member.

Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.

Defined benefit (DB) pension funds are increasingly under pressure to put in place dividend-sharing mechanisms as the regulator seeks to address the disparity with deficit contributions.

Pension deficits at the UK's 350 largest listed companies fell by £27bn over the 18 months to June on an accounting basis, according to Barnett Waddingham.

John Howard has been appointed founding chairman of the Transparency Task Force's (TTF) newly-formed advisory board.

Prudential has secured an additional 13% of sales in its retirement business, but corporate pension sales fell marginally from £286m to £275m.