The Pension Protection Fund (PPF) could take ownership of UK Coal in a deal to prevent the company entering compulsory liquidation, reports The Times.
The newspaper said it had seen an email from PPF head of restructuring Richard Favier, proposing the deal to the chairman of the two main miners' schemes, Keith Jones, sent on 9 May. The email outlined...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.