Buyout provider Paternoster will have the ability to write new business after shareholders agreed to inject £5m of new capital into the group.
Last Spring the company announced it had stopped accepting new business while there was continuing uncertainty about default risk in the credit markets. However, Paternoster said it would write new...
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