Northcroft scheme enters PPF assessment period
The Northcroft Pension and Assurance Scheme has entered the Pension Protection Fund assessment period after its sponsoring employer was sold through a pre-pack insolvency.
The scheme was left with an £11m shortfall when the property consulting firm entered administration after its bank withdrew a loan facility and the directors were unable to find a buyer. The pension...
More on Defined Benefit
Latest stories
TPR and South Wales MP to listen to plight of steelworkers
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group takes over Corinthian Pension Consulting
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
TPR uses production order power for first time; revokes 74 chair's statement fines
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
ITN scheme appoints Trafalgar House as administrator
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.