LEATHER specialist Pittards has been saved from the brink of administration after lawyers successfully negotiated a deal to address a £32m pensions blackhole.
Trustees at the Yeovil-based firm voted in favour of accepting a company voluntary arrangement and share capital reorganisation with its pension scheme being handed over to the Pension Protection Fund....
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).