The Pension Protection Fund (PPF) could end up facing a multi-million pound loss from UK Coal after the firm revealed it is in need of a bailout to avoid collapse.
A spokesman for the company said it had been "in very detailed negotiations with stakeholders for some time" and was seeking additional finance. It is believe the firm is looking for an investment from...
Greater regulatory focus on covenant, holistic risk management, and long-term targets has helped proactive schemes approach their endgames earlier, says Adolfo Aponte.
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
Without specialist help, smaller DB schemes are being left behind in a bulk annuity market increasingly focused on mega-deals, says Rob Dales.
Interest around DB consolidators is high but there remains regulatory uncertainty around their future. Lesley Carline looks at what the future might hold for this section of the market.
The Carter & Parker Limited Staff Retirement Benefits Plan (1975) has agreed a £9.3m bulk annuity deal with Canada Life.