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...
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.