DUKE Street Capital founder Edmund Truell has secured £1bn of capital to fund his new bulk annuity firm, Pension Insurance Corporation.
PIC estimates this amount of cash will enable it to take on £20bn worth of final salary scheme liabilities. Investors in the new business include reinsurance giant Swiss Re, ABN AMRO, HBOS, Royal...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers