TPR concerned Melrose takeover of GKN likely to have 'detrimental impact'
The Pensions Regulator (TPR) has expressed concern that a Melrose Industries takeover of GKN is likely to have a "detrimental impact" on the GKN defined benefit (DB) scheme.
In a letter to the Work and Pensions Committee (WPC), published 6 March, the watchdog's chief executive Lesley Titcomb outlined that, in any major corporate transaction, "we expect the companies involved...
More on Defined Benefit
Pension Wise sees more than twofold increase in service interactions
Pension Wise saw a 49% increase in customers arranging appointments with the service over the course of 2018/2019.
Five stories you may have missed this week
This week’s top stories included The Pensions Ombudsman’s rejection of several British Steel complaints, and the unveiling of the Money and Pensions Service’s financial wellbeing strategy.
Industry split on combining GMP rectification and equalisation
One in three say bringing projects together will be more efficient.
Who holds the investment purse strings - and what are they doing with them?
Know a woman with a great business idea trying to catch the eye of the investment world? Tell them to buckle up, because research suggests they are going to have a problem, writes Laura Miller
Mothercare secures revised payment schedule with pension trustees
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
