The landmark agreement between the regulator and Sir Philip Green over British Home Stores (BHS), which will enable members to avoid the Pension Protection Fund (PPF), has been welcomed by the trustees.
On 28 February The Pensions Regulator (TPR) reached a deal with Sir Philip Green to make a voluntary cash payment of £343m to enable members to get higher benefits than they would in the PPF. The former...
Defined benefit (DB) scheme trustees are looking to their schemes to provide them with better technological support, with eight in ten agreeing ad-hoc and online meetings will permanently replace the pre-Covid quarterly meeting cycle.
Average transfer takes 11.9 days
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 says last week’s Pensions Buzz survey indicates the true feeling of directly affected schemes to The Pensions Regulator’s DB funding code proposals.
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.