THE TRUSTEES of J Sainsbury Pension Schemes have no power to force a private equity bidder to put more cash into the fund, a consultant claims.
Independent consultant John Ralfe accused the trustees of the supermarket giant’s two pension plans of “noisy sabre-rattling” after they warned that any buyer could have to plug a deficit of up to £3bn....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers