The EC De Witt pension scheme has entered a buyout with Pension Insurance Corporation (PIC) after its parent company was bought by a private equity firm.
The transaction covers £17m of pensioner liabilities. The firm, which was a subsidiary of C.B. Fleet Company that made, sold, and distributed healthcare products and stopped trading in 2011. PIC...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.