BT will pay £1.5bn into its defined benefit (DB) pension scheme by April to tackle a £7bn deficit as part of an agreed recovery plan with the trustees.
The telecoms giant announced the results of its 2014 triennial funding valuation results today and laid out a 16-year recovery plan. Over the next three years BT will pay a total of £2bn into the scheme,...
The IPC Media Pension Scheme has agreed a £290m buy-in with Rothesay Life, insuring benefits for around 500 pensioner members.
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.
The Pension Superfund (PSF) has moved a step closer to completing its first deal with the official registration of thesSuperfund as an occupational pension scheme by HM Revenue & Customs (HMRC).
Close to £10bn was transferred out of defined benefit (DB) pension schemes in the last quarter of 2019, according to figures from the Office for National Statistics (ONS).
The Pension SuperFund co-founder Edi Truell responds to PIC’s call for a consolidator to take on smaller underfunded schemes.