George and Harding scheme enters FAS after six-year fight
The George and Harding Group Pension Scheme (G&H) has transferred into the Financial Assistance Scheme (FAS) after a lengthy battle to qualify for entry.
A technicality in the Pensions Act 2004 meant the 40-member scheme was not covered by the Pension Protection Fund (PPF) when the principal employer - which had met all of its annual levy payments - went...
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DB funding - November 2020: Run-off schemes could 'wipe out' deficits by dropping gilts approach
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2020 estimates on the various measures…
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Guy Opperman: Funding measures protect the pension scheme member
In the fourth of a five-part series of articles for PP, pensions minister Guy Opperman sets out how revised funding arrangements for defined benefit schemes will better protect members.
Aon flags pension scheme woes ahead of corporate insolvency protection lift
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Lady Green brings forward £50m DRC as The Pension Superfund eyes Arcadia schemes
Lady Tina Green has agreed to pay a £50m deficit recovery contribution (DRC) to Arcadia’s pension schemes earlier than scheduled.
