Pension Insurance Corporation (PIC) has agreed to a £60m, 50-year debt investment in The Mercers' Company, six years after buying out its staff pension fund.
The deal - which makes PIC sole investor of the company - was agreed to by both parties at the end of January, and completed last week. The bond will fund refurbishments and additions to existing property,...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.