Chemring has contributed more than £27m in contingent assets to its pension fund and opened a consultation to close the scheme to existing members.
The defence firm's full year results, released today, reveal it gave bank guarantees and letters of credit worth £27.2m to the scheme which can be drawn upon if it defaults on contributions. It said...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.