Over half a billion pounds in contributions set to plug the Kodak Pension Plan deficit are under threat after the firm backing the scheme went bankrupt.
Funding from Kodak Ltd, the UK arm of Eastman Kodak Company, could dry up after the global camera maker filed for bankruptcy proceedings in the US courts yesterday, affecting thousands of workers at Kodak...
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.