The Postal Services Bill has been amended in the House of Lords to safeguard the Royal Mail Pension Plan if the scheme is broken up in future.
The bill - which provides for the Royal Mail to be relieved of its £10.3bn pensions deficit (PP Online, 13 January) - had its third reading in the House of Lords yesterday. Introducing the amendment,...
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
PP has compiled a list of what to watch out for over the coming months.