Pension Insurance Corporation has completed a £42m buyout of the UK Can Pension and Assurance Plan - lifting the scheme out of the Pension Protection Fund.
The scheme had been under the protection of the PPF since October 2006. Its sponsoring company, UK Can, went into liquidation in December 2007. PIC has agreed to insure specified benefits to a greater...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.