The Scottish Power Pension Scheme has entered into a swap with Abbey Life to hedge the longevity risk associated with £2bn of liabilities.
The transaction covers approximately 9,000 pensioners and half of the scheme's liabilities. Lead adviser on the deal Mercer said the scheme ran a "highly competitive bidding process" involving established...
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