Macfarlane Group has introduced a pension increase exchange option for active and deferred members after reducing pensioner liabilities by 35% through a similar exercise.
The packaging producer said the completed and on-going exercises have boosted the scheme's funding level by £1.65m, which contributed to a small reduction in its deficit. The exercise for the scheme's...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).