TUI Travel has agreed with its pension scheme trustees an innovative partnership between the fund and the holiday firm's biggest brands to address its scheme deficit.
The firm is merging four of its six defined benefit schemes and providing the remaining schemes with a limited interest in a partnership set up by the sponsor which holds the Thomson and First Choice brands....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers