Melrose delays business sale aimed to fund GKN pensions
Melrose Industries has postponed the sale of one of its American subsidiaries from which some proceeds were earmarked for the GKN pension schemes.
The $800m (£620m) sale of Ergotron has been delayed as the international conglomerate seeks a new chief executive for the Minnesota-based subsidiary after its current chief executive stepped down from...
More on Defined Benefit
USS contribution rate could almost double to fight £18bn deficit
Universities Superannuation Scheme (USS) has reported a technical provisions deficit of between £14.9bn and £17.9bn as of 31 March 2020, and delayed its valuation as it considers how to proceed.
DB funding - February 2021: Gilts-plus deficit eliminated, says PwC
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the February 2021 estimates on the various measures…
Richard Jones: Looking for good people for the Stoneport club
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
Longevity assumptions retain stability despite Covid
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Covid restrictions lead Mitchells & Butlers to defer £13m of contributions
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
