The trustees of GKN Group's schemes have warned Melrose Industries about the pension funding position, following a bid to take over the business.
This comes after Melrose put together a strategy for GKN's two defined benefit (DB) pension schemes, including a plan to sell its £1bn powder metallurgy business, according to the FT. Collectively,...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.