The Western United Group Pension Scheme, one of Vestey Group's schemes, has agreed a £115m buy-in with Rothesay Life.
The bulk annuity transaction secures a portion of the pension liabilities for its members, who are all current or former employees of the Vestey Group. The scheme was advised by Lane Clark and Peacock....
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).