LEADING fund manager Hermes Pension Management - trustee of the BT Pension Scheme - has revealed a £16.6m blackhole in its final salary pension scheme.
The Hermes Group Pension Scheme, which has around 500 active, pensioner and deferred members, blamed the change in the discount rate – down to 4.75pc from 5.3pc due to falling bond yields – for the increase...
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