The CovPress pension scheme has come out of the Pension Protection Fund (PPF) after the automotive supplier was acquired by Liberty House in the first rescue of its kind.
CovPress, which employs around 800 people and makes body panels for major car makers such as Jaguar Land and Renault, fell in administration last September after it experienced significant funding issues...
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the September 2020 estimates on the various measures…
Philip Dickinson looks at the impact of Covid-19 on the transfer market and how schemes and advisers can support members.
The Pension Protection Fund (PPF) has an 83% probability of success for its target of being self-sufficient by 2030 as of March this year, a six percentage point drop from 2019.