Trustees of the MG Rover senior pension scheme have reached an £8m settlement with the sponsor, avoiding the scheme being wound up into the Pension Protection Fund (PPF).
The agreement reached with sponsor MGR Capital follows an investigation into the scheme by The Pensions Regulator (TPR), leading it to threaten the firm with a financial support direction (FSD) in December....
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.