Cable & Wireless Communications has pumped an additional £64m into its superannuation fund in a bid to slash its £161m deficit by 2016, results reveal.
The firm - formed after the demerger of Cable & Wireless in March last year - said it had already made contributions totalling £29m under an interim funding plan agreed with trustees of the Cable & Wireless...
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.