Renold has merged its three defined benefit (DB) schemes and conducted a liability transfer exercise in a move to reduce its funding costs.
The industrial chain manufacturer also agreed an asset backed funding arrangement (ABF) with scheme trustees, underpinning the scheme merger. The firm operated three DB schemes: the Renold Supplementary...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.