Standard Life has agreed to compensate around 97,000 customers who lost out when its Pension Sterling Fund fell by 4.8% last month.
The life and pensions firm said it would restore the value of the fund to put each customer back into the position they would have been in before the fall in value. It said the move would result in an...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.