UK - Billionaire Philip Green has put his bid for retail giant Marks & Spencer on hold pending talks on the pension scheme's £670m deficit.
Takeover talks at WHSmith were suspended last month when scheme trustees demanded that venture capitalist Permira clear the deficit as part of the deal.
Green – who has already had two bids turned down by M&S – is waiting to hear from the trustees, who have hired Credit Suisse First Boston to advise them, before making a third offer.
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.