UK - Falls in equity values may force electricity provider the Viridian Group to restart contributions into its closed £814m final salary pension scheme.
The owner of Northern Ireland Electricity closed its final salary scheme to new entrants in 1998 and now runs a defined contribution scheme for new employees.
At its last actuarial evaluation in March 2002 the scheme was £76.9m in surplus under FRS17.
However, a Viridian spokesman said: “Following falls in equity markets, the group has been monitoring the funding position of the scheme and this has indicated that renewed contributions may be required from next year.”
Meanwhile Northern Foods reported a £2.1m increase in pension costs during the first half of the financial year, though the food company expects this to fall in the second half of the year.
In September workers at Northern Foods agreed to increase their pension contributions from 5% to 7% for staff on a 1/60th entitlement and from 3.5% to 5% for those on a 1/80th pension in order to save their £430m final salary scheme.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers