EUROPE - Dutch companies have reported reconsidering their current financial relationship with their pension funds in light of new accounting standards.
OPF, the Dutch Association of Company Pension Funds, said the new standards could force some companies to set up new financial frameworks to prevent pension fund fluctuations from affecting results, OPF officials said.
One possibility could see companies agreeing to set premium levels to be paid possibly with a one-off lump payment, after which, pension funds would be completely accountable for performance.
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.