CITIGROUP's acquisition of the £200m Thomson Regional Newspaper Pension Fund will "throw the business model" of traditional buyout specialists into doubt, an adviser claims.
In return for taking on any future risk in the scheme, Citi – which will acquire the sponsoring employer in order to get to the pension fund – will keep any surplus when it is finally wound up. And...
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).