UK - Building materials supplier Hanson is to make a one-off payment of £100m into its final salary schemes to help alleviate a £121m FRS17 deficit.
The firm blamed lower first-half profits on increased pension costs.
Hanson spokesman Justin Read said the group’s pensions contributions increased from £5m last year to £30m this year, and are expected to increase again to £35m or £40m next year.
He also revealed that the company planned to make a “one-off, top-up payment” of £100m into the fund.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.