THE trustee of the Cable & Wireless Superannuation Fund has bought out its pensioner liabilities in a bulk annuity buy-in worth over £1bn.
The book covers the pensioners in payment element of the Cable & Wireless scheme – or around 5000 members in total. Cable & Wireless will continue to administer the fund and the terms of the pension payments...
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.
Responses to the Professional Trustee Standards Working Group's consultation have flooded in. While the industry mostly welcome the proposals, there is disagreement on some areas, writes Kim Kaveh.