The vast majority of defined benefit trustees are confident their sponsor will be able to survive the recession, a Baker Tilly survey of 200 schemes reveals.
It found 85% of trustees were confident their sponsor would ride the storm. The survey also found recovery plans were not currently in danger - with only 2% reporting an employer payment default and...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.