Aviva will pump £365m into its staff pension scheme in a bid to tackle its £2.7bn deficit.
The cash injection follows the insurer's decision to close both Aviva and RAC final salary schemes to future accruals (PP Online, April 20). The firm said a long-term funding plan for the Aviva Staff...
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.