US - Retailer J.C. Penney has closed a US$400m debt offering, most of which will be used to make a voluntary cash contribution to its pension plan.
The company said yesterday it plans to funnel $392m into its qualified pension plan. "This contribution further strengthens the plan's funded status and is consistent with the company's objective of...
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.