The Uniac Pension Fund, which provides benefits for Unilever workers seconded overseas, has agreed a £129m buy-in with Legal & General (L&G) to cover its pensioner members.
The scheme was established under section 615 of the Income and Corporation Taxes Act 1988 and is not connected to the £7bn Unilever UK Pension Fund. Advisers on the deal said it was the largest buy-in...
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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.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point