MARKS & Spencer is set to put £500m into its pension scheme as part of a deal with trustees to eliminate a deficit in the fund.
The retailer said that it would put properties worth around £1.1bn in a property partnership with the scheme in a bid to cut a pensions deficit valued at £704m in a triennial valuation in March last year...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.