PPF starts payments; Pensions need £175bn for longevity risk; Firms will miss age discrimination deadlines; US dollar plunges to a 14-year low
PPF starts payments Financial Times (p3) The Pension Protection Fund is making its first direct payments to pensioners today. The first to receive payments are 31 former employees of Ayrshire textiles...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.