NORWEGIAN conglomerate Aker Kvaerner has signed a deal to ensure its UK pension fund will be eligible for entry into the Pension Protection Fund, if necessary.
The firm was at the centre of controversy earlier this month after The Pensions Regulator allowed TH Global – which has taken over Kvaerner’s UK arm - to sever links with the fund in return for a payment...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.