The MF Global UK Pension Fund has left Pension Protection Fund (PPF) assessment after the scheme's trustees secured a £52m buyout with Pension Insurance Corporation (PIC).
The trustees said the deal meant members would receive benefits that were broadly equivalent to those promised by the scheme, despite it being significantly underfunded when it entered assessment. ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
