One in six defined benefit schemes has been pledged a contingent asset to shore up recovery plans in a review of more than 1,800 plans by The Pensions Regulator.
Trustees of 321 ‘tranche four’ schemes equivalent to more than 17% of plans reviewed used contingent assets to improve recovery plans, with 191 of these reducing their PPF levy by having an asset in...
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.