Dairy Crest has used £60m worth of maturing cheese to back its pension liabilities after trustees raised concerns over the sponsor covenant following the £341m sale of spreads business St Hubert.
The arrangement, which gives the scheme a floating charge over some the firm's £150m inventory of maturing cheese that will crystallise in the event of an insolvency, is party of a wider refinancing. ...
Trustees lack expertise, time and resources to develop effective communications on technical pensions issues and need professional help, a major review of the British Steel saga has concluded.
In this week's Pensions Buzz, we want to know if you think trustees should consult directly with members before agreeing to a DB superfund buyout.
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?