The Cookson Group Pension Plan has signed a £320m buy-in with Pension Insurance Corporation to insure its pensioner liabilities.
Aon Hewitt principal Paul Belok, whose firm advised the trustee, said this was the biggest bulk annuity transaction of the year so far. The transaction covers approximately 60% of the schemes liabilities,...
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.