The initial funding level test criterion for the new British Steel Pension Scheme (BSPS) have been "comfortably met", according to the trustee.
Under the terms of the regulated apportionment arrangement (RAA) agreed last year between the trustee and Tata Steel UK, the new £15bn BSPS will only go ahead if certain qualifying conditions were met....
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.