Members of the Nortel Networks UK Pension Scheme are due to receive more than £1bn after a settlement was agreed in a long-running court battle across two continents.
The feud was triggered in 2009 when the US telecommunications company went bust, leading to a vast array of creditors to fight over around $7.3bn (£5.6bn) of residual assets in British, American and Canadian...
Over half of pension professionals believe the 'gilts plus' valuation method is unhelpful in the current economic environment, according to Aon Hewitt research.
The Pensions Regulator (TPR) should be investigated by a Royal Commission, according to a response to the government's green paper on defined benefit (DB) schemes.
The College of Law Pension and Assurance Scheme has completed its fourth buy-in for £28m worth of liabilities with Aviva, as it moves closer to full buyout.
The Pensions Management Institute (PMI) has appointed Ruth Palmer as learning director where she will review its qualifications suite and develop its education strategy.