UK Coal seeks to offload scheme liabilities to PPF

clock

The UK's last remaining coalmining firm is seeking to place its scheme into the Pension Protection Fund to save its business.

UK Coal has asked The Pensions Regulator to approve a plan to offload liabilities for its members in the Industry Wide Coal Staff Superannuation Scheme and the Industry Wide Mineworkers’ Pension Sc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Increased DB funding levels driving more complex endgame decisions

Increased DB funding levels driving more complex endgame decisions

Hymans paper says DB schemes have entered a ‘fundamental’ new phase

Martin Richmond
clock 10 July 2026 • 3 min read
DB transfer redress payments projected to fall to record lows in Q3 2026

DB transfer redress payments projected to fall to record lows in Q3 2026

First Actuarial says recent developments could have ‘material’ impact on success of DB transfer advice complaints

Martin Richmond
clock 10 July 2026 • 3 min read
DB scheme funding levels rise in June, Broadstone finds

DB scheme funding levels rise in June, Broadstone finds

Consultancy’s Sirius Index shows funding levels increase despite political upheaval

Martin Richmond
clock 03 July 2026 • 1 min read
Trustpilot