The trustees of the Alcatel-Lucent Pension Scheme have agreed a £100m pensioner buy-in with Pension Insurance Corporation (PIC).
The deal - advised by Aon Hewitt - will secure benefits for 260 pensioners in the 6,000 member scheme, which has around £1.2bn of assets. It follows a £300m pensioner buy-in with Aviva, announced last...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers