The government has launched a consultation on ways to reduce the British Steel Pension Scheme's (BSPS) liabilities to find a buyer for Tata Steel UK, which could require controversial legislation.
It sets out four potential solutions to separate the scheme from Tata in the hope to secure members' benefits at above Pension Protection Fund (PPF) compensation levels but below full benefits. Potential...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.