Carillion trustees received advice in 2012 to implement a progressive dividend policy and put in place other undertakings and support structures but these recommendations were rebuffed by the sponsor, correspondence has revealed.
In a letter to trustees dated 23 February 2012 - published by the Work and Pensions Committee today - corporate finance firm Gazelle set out its assessment of the Carillion covenant in respect of recovery...
One in 10 of this year's retirees will take their entire pension pot as a lump sum, Prudential's 'Class of 2018' research finds.
The Treasury has launched a second consultation on banning pensions cold-calling, which aims to seek final views on already-drafted regulation.
This week's top stories included coverage of the Competition and Markets Authority's provisional decision following its investigation of investment consulting and fiduciary management.
The Pension Protection Fund is meeting the challenges of a fast growing member base by insourcing services and adopting new technologies. Stephanie Baxter speaks to chief customer officer Sara Protheroe