UK Coal has made changes to its two defined benefit schemes it says will cut service costs by 50% and agreed to review future accrual annually.
The company - the largest coal mining operation in the UK - said in its interim management statement, published today, that this enabled it to significantly increase contributions to cut the scheme's £172m...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.