BULK annuity specialist Paternoster is offering struggling firms a way out of their Pension Protection Fund obligations by guaranteeing their benefits to the same levels.
Chief executive Mark Wood said Paternoster had agreed deals with two employers to guarantee benefits up to 90pc and without the £26,000 a year cap imposed by the PPF. Once insured, companies no longer...
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