Rolls-Royce and the trustees of its pension fund have agreed a longevity swap to cover around £3bn of liabilities.
The firm said the deal - conducted with Deutsche Bank - will give additional security to all members of the company's final salary pension scheme. It explained around 37,000 pensioners are covered by this...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.