The funding deficit of the British Steel Pension Scheme (BSPS) has dropped from £550m to £90m as a result of cost cutting measures agreed following tough negotiations.
On completion of the fund's 31 March 2014 triennial valuation, the trustees and sponsor Tata Steel UK agreed on steps to improve the employer covenant and address the shortfall with deficit recovery payments...
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.