Lehman Brothers Pension Scheme has secured a £675m buyout with Rothesay Life, ensuring that all members will get their pensions in full, six and a half years after its sponsor went bust.
The deal – the biggest bulk annuity written this year – comes after the 2,500-member scheme reached a £184m settlement with administrators of the failed bank. This settlement was the result of a six-year...
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Hargreaves Lansdown has been named as the slowest provider to switch pensions through the Origo transfer service.
Caroline Kurup explores the latest TPR guidance on superfund transfers and what scheme trustees should be considering
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.