The BBC has agreed an 11-year repayment plan with the scheme trustees to address its £1.1bn deficit.
Under the terms of the agreement the BBC will undertake a schedule of contributions to the scheme of £110m this year, followed by a payment of £60m in 2012 and 2013, £100m for the next three years and...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".