Centrica initiated a pension increase exchange (PIE) exercise across its defined benefit (DB) pension schemes in 2014.
The British Gas owner announced the move in its latest results published yesterday where it revealed a shocking 35% fall in profits resulting from the drop in oil and gas prices. The PIE offered retired...
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