Thomas Cook schemes expected to enter PPF
Thomas Cook’s four UK defined benefit (DB) pension schemes are expected to enter the Pension Protection Fund (PPF) as the company begins insolvency proceedings.
While a notification has not yet been submitted to the lifeboat fund, an assessment period is likely to begin in the coming days, during which the level of potential benefits will be assessed. According...
More Defined Benefit
NEST grows membership by nearly 30% in one year
The number of members to have ever used NEST rose by 28% over the 2018/19 fiscal year to 31 March, according to its research arm, NEST Insight.
A closer look at flexible apportionment arrangements
Flexible apportionment arrangements have become a commonly used tool for employers but, as Andy Lewis says, there can be issues for the unwary.
LEBC valuation slashed by a third after withdrawal from transfer market
LEBC’s majority shareholder B.P. Marsh & Partners has reduced the valuation of its holding in the group by 33%, following its withdrawal from the defined benefit (DB) transfer market.
PPF now paying higher compensation to all members affected solely by caps
The Pension Protection Fund (PPF) has begun increasing payments to all pensioner members whose compensation falls below 50% of their pre-insolvency entitlements solely due to caps.
LPGS pools launch climate and real estate funds
LGPS Central has launched a multi-factor equity fund with climate considerations core to its investment process.