Travis Perkins has reported a £32m scheme surplus after making a one-off £35m contribution into the fund, introducing a contingent asset and capping pensionable salary increases at 3%.
In its 2010 annual report, published today, the building supplies firm said it had agreed with trustees to eliminate the scheme's IAS19 deficit - £43m at 31 December, 2009 - in eight years. The report...
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).