Pirelli UK is set to close its defined benefit scheme to future accrual from January 1 next year due to a "dramatic" deterioration in the fund's finances.
The tire maker said it has proposed those members who are paying into the DB scheme will have their accrued benefit deferred and will be transferred to the defined contribution section of the fund at the...
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