Halcrow granted RAA as part of rescue plan
A regulated apportionment arrangement (RAA) has been granted as part of the Halcrow rescue plan.
An RAA sees the sponsoring employer being severed from the pension scheme with members going into the Pension Protection Fund (PPF). After this, the departing sponsor's share of employer debt is apportioned...
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L&G agrees £400m deal with own scheme
The Legal & General (L&G) Group UK Senior Pension Scheme has agreed an assured payment policy (APP) deal with its insurer sponsor.
Boohoo acquisition of Debenhams leaves schemes with PPF
The Debenhams brand and website has been acquired by online fashion retailer Boohoo for £55m, although the pension scheme, shops, and stock will not be purchased.
Con Keating: Buzz views show true depth of DB funding code disquiet
Con Keating says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
Evonik scheme completes £544m full buy-in with L&G
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
