Strong asset returns particularly from its bonds and cash allocation sees Dairy Credit reduce its deficit by £38m, its interim results show.
Over the year to 30 September 2013, the firm's defined benefit (DB) scheme's allocation to bonds and cash hit £490m, which is over half its £917m assets. This was up from £338m in 2012, when it accounted...
This week's top stories included an article on how the government will have to justify proposed changes to the state pension age after a Prospect petition secured over 12,000 signatures.
Smart Pension failed to report the fact it had not collected or invested nearly £900,000 of pension contributions on behalf of its members, an investigation by The Pensions Regulator (TPR) has found.
The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice in a bid to help prevent members falling victim to evolving pension scams.
The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.