Kvaerner completes severance deal
Norwegian engineering group Kvaerner has completed its deal with The Pensions Regulator allowing it to sever all responsibility for its £1.2bn UK pension fund.
The regulator sparked controversy in April when it agreed that TH Global – which now operates the UK arm of Kvaerner – could sever links with its pension fund in return for a payment of £101m over the...
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Five stories you may have missed this week
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
GMP equalisation now top priority for schemes
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Defined Contribution Conference: Register now
Professional Pensions is holding its defined contribution (DC) conference on 4 September.