The trustees for Amey OS Pension Scheme have agreed two separate buy-in policies with Just Retirement, worth a total of £65m.
The deal will cover the benefits of 1,000 pensioner members of the Amey and Accord sections of the Amey OS defined benefit (DB) scheme, who account for half of the scheme's membership. Before the buy-in,...
Advice giant Quilter has set aside £24m to compensate British Steel workers advised to transfer out of their defined benefit (DB) pensions by Lighthouse, doubling its previous redress provisions.
Defined benefit (DB) schemes will have to wait an extra year and a half on average to agree a buyout compared to their pre-Covid-19 endgame journey plans, Barnett Waddingham estimates.
ITV has submitted a £31m offer to The Pensions Regulator (TPR) for the Box Clever Pension Scheme after being forced to set out how it would financially support the scheme following a lengthy court process.
In the first feature of a three-part series, Iain Clacher and Con Keating look back at the UK’s defined benefit universe, exploring why the schemes were set up, how they have changed, and the case for their creation.
Patrick Foster draws on his experience supporting trustees through insolvency events to set out what trustees need to prepare for.