Sausage skin manufacturer Devro shrank its UK pension scheme deficit by £18.9m last year.
The firm reduced the liabilities for its defined benefit scheme from £31.8m to £13.4m after reaching an agreement with scheme members to cap pension increases (PP Online, 22 October, 2010). The deal...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.