Lehman Brothers Pension Scheme has secured a £675m buyout with Rothesay Life, ensuring that all members will get their pensions in full, six and a half years after its sponsor went bust.
The deal – the biggest bulk annuity written this year – comes after the 2,500-member scheme reached a £184m settlement with administrators of the failed bank. This settlement was the result of a six-year...
Labour Party plans to renationalise core industries and require the largest listed companies to hand 10% of shares to employees would be a "double whammy" for pensions, business leaders have warned.
A handful of industry heavyweights have begun trialling a so-called 'mid-life MOT', with positive initial results reported by all those involved.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".