Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.
In an announcement to the stock market, the car retailer said it had reached unanimous agreement on its July 2011 triennial valuation - which found a £40m deficit - and entered into binding legal documentation...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.