TRUSTEES of the £3bn Telent pension fund were "unaware" of the £400m takeover of its sponsoring firm by a subsidiary of Guernsey-based Pension Corporation.
In a letter to the 60,000 members of the scheme chairman of the trustees Chris Holden said the trustees were not told of the offer by the buyout firm’s subsidiary – Co-Investment No.5 LP Incorporated (CILP)...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers