TALKS between Northern Rock and the trustees of its pension scheme have stalled after "fundamental differences" on investment strategy failed to be resolved.
Chairman of trustees Sir David Chapman told members an agreement will only been reached if The Pensions Regulator becomes involved. Chapman said: "Negotiations with the company have now reached a point...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.