The BT Pension Scheme (BTPS) has entered into a £16bn longevity swap to hedge more than a quarter of its exposure to longevity risk.
The deal with the Prudential Insurance Company of America (PICA) dwarfs previous transactions and covers more than three times more in liabilities than the previous record-holder. It is the second transaction...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers