Coats Group has agreed a £74m settlement with The Pensions Regulator (TPR) to end enforcement action for the third of its defined benefit (DB) schemes.
The thread manufacturer's Staveley Industries Retirement Benefit Scheme (SIRBS) will receive the money - which includes £39.5m of recovery plan contributions since 1 January 2016 - as an upfront payment....
PP has compiled a list of what to watch out for over the coming months.
Canada Life has signed a £351m bulk annuity contract insuring the pensioner liabilities of 2,510 members and dependents in the AA UK Pension Scheme.
In this week's Pensions Buzz, we want to know if you believe there is ever a case for combining retirement savings products with other savings products, and if the PPF levy for sponsorless schemes is appropriate for DB consolidators.