The Pension Protection Fund (PPF) has agreed to sell its stake in Harworth Estates, the property group split off from UK Coal, in a deal worth £150m.
The sale to Coalfield Resources, which already owned 24.9% of the business, will net the PPF £97m and 25% in shares of the company, which will be renamed Harworth Group. The lifeboat fund has entered...
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Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.