Chancellor George Osborne has confirmed that Royal Mail Pension Plan Assets to be transferred to the Treasury will be used to pay off government debt.
The budget report confirmed that an estimated £28bn of assets would be taken on by the Government on 1 April. Osborne said: "The transfer of the £28bn of assets from the Royal Mail pension fund to the...
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.
An independent expert panel will be commissioned to review how the £6.1bn funding deficit figure for the Universities Superannuation Scheme (USS) was reached, Universities UK (UUK) has announced.