The £274m Woolworths Group Pension Scheme is set to enter the Pension Protection Fund just over three years after the collapse of its sponsoring employers.
Administrators for the failed high street chain initially approached the PPF in late 2008, shortly after it was declared insolvent (PP Online, 12 December 2008). The wind up process started in August...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).