The Pension Protection Fund (PPF) has appointed 23 firms to its restructured legal panel and named a "core panel" of three which will provide the majority of its legal advice.
Clyde & Co, Dentons and Wragge & Co have been selected as the principal providers, while there is a 10-strong insolvency and corporate panel and an 18-firm specialist and reserve panel. The insolvency...
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.