Interserve schemes saved after sponsor pre-pack
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Shareholders last week rejected a rescue plan which would have seen around half of the beleaguered contractor's debt cancelled with additional funds lent in return for a majority stake in the business....
More on Defined Benefit
BAE to inject £1bn into restructured pension scheme
BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.
PASA launches consultation on DB transfers code
PASA’s DB transfers code of good practice is asking the industry to commit to delivering faster, safer transfers. Holly Roach reports
The Coronavirus impact on DB pensions
As the number of Coronavirus cases continues to grow, Calum Cooper looks at the potential impact on DB scheme liabilities and sponsor covenants.
Ian Scott: A cautious and flexible investment approach
PPF head of investment strategy Ian Scott tells James Phillips about the fund’s in-sourcing programme, recruitment, and investment risk management.
