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...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.