PPF mulls charging levy to schemes with no sponsor

The Pension Protection Fund (PPF) is working on plans to impose a levy on schemes that do not have a substantive sponsoring employer after a restructuring.
Alongside its provisional confirmation of the levy rules for 2017/18, the lifeboat fund said its work on developing such a measure is progressing, although it will be subject to consultation. The plans...
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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.
Evonik scheme completes £544m full buy-in with L&G
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Pension Schemes Bill set for final debate next week
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.