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....
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".