US - Continental Airlines significantly over funded its pension liabilities in 2007, contributing almost US$150m more than the plan minimum, with an additional $130-200m of plan payments announced a few days ago.
According to figures released today, Continental used the accounting surplus to record a non-cash tax charge of an additional $70-140m. This was on top of $60m in cash announced last week.
Overall in 2007, Continental paid $336m in contributions to its pension plan, far higher than the required minimum of $187m.
Also, aircraft producer and military contractor Boeing has seen its credit rating revised to from 'positive' to 'stable' by ratings agency Fitch. The company said the re-evaluation was due to delays over the delivery of the 787 jet.
However, Fitch affirmed that in Boeing's favour was the over funded status of its pension plan and strong liquidity.
The Department for Work and Pensions (DWP) has launched a website dedicated to signposting people to where they can receive guidance typically associated with a so-called 'mid-life MOT'.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.