The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
The agreement is an improvement on Melrose's final offer on 19 March of up to £1bn cash contributions for the defined benefit (DB) schemes. The trustees also said the enlarged Melrose Group would "provide...
The pensions dashboard is due to launch next year but is now at risk of delay. As the industry awaits the DWP's feasibility study, Stephanie Baxter looks at some of the outstanding issues
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Punter Southall Aspire has obtained the master trust assurance framework (MAF) accreditation for its Aspire Savings Trust.