The £337m Next Group Pension Plan moved from a £49.5m deficit to a £55.7m surplus after overhauling membership data and securing a buy-in deal, results show.
The clothing retailer said the £124m buy-in - which took place in August last year - cut its scheme exposure to interest, inflation and longevity risks associated with retired members. The results added...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).