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...
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.
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.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.