Hoover has become the latest firm to cut its defined benefit (DB) pension scheme adrift after The Pensions Regulator (TPR) and Pension Protection Fund (PPF) approved the plan.
The Hoover (1987) Pension Scheme will lose its sponsor after the watchdog granted the firm a rarely used regulated apportionment arrangement (RAA) as part of a solvent restructuring. An RAA is a statutory...
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Con Keating says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.