The Alumasc Group has contributed half of the net proceeds of the sale of its subsidiary Alumasc Dispense to its two defined benefit pension schemes, it announced today.
The building and engineering products company said in a statement its board had agreed to sell Alumasc Dispense - the group's drinks dispensing business - to management at net asset value of about £0.9m,...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.