The Brintons Limited Staff Pension and Life Assurance Plan has entered Pension Protection Fund assessment after private equity firm Carlyle triggered its sponsor's insolvency then bought the business.
Carlyle placed Brintons into administration on 2 September - a week after acquiring its senior debt - and bought its business and assets through a newly-created vehicle Brintons Carpets on the same day....
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.