The Monarch Airlines scheme will enter the Pension Protection Fund (PPF) after a restructuring which will see the lifeboat fund take a 10% stake in the scheme's exiting sponsor.
The remaining 90% will be bought by investment firm Greybull in a deal the company said would save approximately 2,500 jobs. The scheme, which has a deficit of approximately £660m on a buyout basis...
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.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point