Cineworld has revealed it completed a buyout for its defined benefit (DB) pension scheme with Aviva Annuity UK last December at a cost of £4.8m.
The cinema chain, which used to be known as Metro-Goldwyn-Mayer (MGM), agreed the deal for the MGM pension scheme on 15 December 2016, with all members' benefits being secured by Aviva. The scheme had...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.