The settlement which saw the Kodak Pension Plan (KPP) take ownership of two of its former sponsor's businesses has been approved by a bankruptcy court in the US.
The US Bankruptcy Court for the Southern District of New York said the deal was a "critical step forward in Kodak's effort to consummate its plan of reorganization". Under the deal, announced in April,...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.