The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.
In April, this year the firm and the scheme trustees agreed a three year contribution holiday, with annual payments of £5m set aside to fund liability management schemes and the Pension Protection Fund...
Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.