Dutch chemical and coatings giant Akzo Nobel negotiated directly with the trustee of the ICI Pension Fund before making an £8bn takeover for the UK firm.
The deal, valued at 670p a share, is expected to complete around November/December and Akzo Nobel confirmed “the existing employment rights, including pension rights” of all ICI staff would be “fully safeguarded”,...
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?