THE PENSIONS REGULATOR is to issue its first financial support direction to Sea Containers to bolster its two UK defined benefit schemes.
TPR said the Bermuda-based passenger transport and marine container leasing company must provide financial support for the schemes of its London-based UK subsidiary Sea Containers Services, which have...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".