UK - Marconi will make a £185m cash injection to its UK pension plan and set aside a further £490m, if the planned £1.2bn sale of its telecommunications equipment and international services businesses to Ericsson goes ahead.
The telecommunications company has said the £185m contribution, agreed following discussions with the trustee and the Pensions Regulator, will be sufficient to eliminate the deficit in it UK pension plan,...
Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).
The Department for Work and Pensions’ consultation on increasing the general levy has closed. Holly Roach looks at the industry’s response to its proposals
A pension schemes bill is set to be laid in parliament in the coming weeks after the government announced a wide-ranging suite of reforms in the Queen’s Speech today.
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
Partner Insight: Increasingly from a scheme perspective, keeping up with routine administration demands is only half of the challenge.