Bury eyes £1bn for pensions deals; Labour warned on post strike; Sainsbury progress; De-risk to deal with volatility, report says
Bury eyes £1bn for pensions deals Financial Times (FTCM p20) Sir Peter Burt, former Bank of Scotland chief executive and ex-chairman of ITV, is looking to raise up to £1bn to join the pensions insurance...
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
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.