Renold Pension Scheme has fully de-risked around a quarter of its UK liabilities on a medically underwritten basis just months after entering a similar transaction.
Announced today, the move to insure another £27m of liabilities means that around half of the scheme's current UK liabilities are now fully de-risked. The international supplier of industrial chains...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter