The impact of a takeover on a pension scheme can be significant. Tom Jackman looks at how trustees can ensure they are on the front foot.
Trustees usually have little, if any, formal role in a takeover of a scheme sponsor. As a matter of general law, there is no section 75 debt, no trustee consent requirement, no need to consult with the...
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
Professional Pensions rounds up some of the latest tender awards from across the industry.