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,...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers