Gartmore has had its pension scheme deficit plugged with a cash injection of around £55m following a management buyout backed by Hellman & Friedman.
The move will see the fund management firm’s 430 member defined benefit pension scheme closed and replaced with a new defined contribution scheme. The cash injection was split between Hellman & Friedman...
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.