Rolls-Royce has cut its pension deficit in the UK to just £120m following the first phase of its plan to inject £500m into the schemes.
The firm’s interim results revealed it had contributed £132m into the UK pension schemes in the six months to June 30, cutting its deficit from £665m at the beginning of January to £120m, calculated on...
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".