Representatives from the Nortel Networks UK Pension Plan and the Pension Protection Fund have travelled to Canada in a bid to secure more than $2bn (£1.2bn) from an international mediation.
The mediator, the Chief Justice of Ontario, the honourable Warren K. Winkler, called an all-party mediation session in Toronto this week. The latest rounds of talks are intended to strike a settlement...
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.