The Royal Bank of Scotland (RBS) has seen the net liabilities of its pension schemes drop 23% after making a £1.1bn employer contribution last year, according to its annual results.
This marked a £700m reduction in its pension liabilities to £2.3bn at the end of 2014 on an IAS 19 basis, with net gains of £100m also helping to cut the debt burden. This comes after the part-nationalised...
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.
Aon has appointed Emma Adair to lead client service for its UK investment team.