The Merchant Navy Officers Pension Fund has insured around £500m of its pension liabilities through a bulk annuity buy-in deal with Lucida.
The agreement will mean Lucida will insure over half of the total pensioner benefits of the scheme's "old section" - a section of the fund which closed in 1978 and covers almost 22,000 retired members....
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