Around 5,000 members of the Johnston Press Pension Plan are expected to enter the Pension Protection Fund (PPF) following a pre-pack administration (PPA) by its sponsor.
Johnston Press announced on Friday that a previous attempt to sell the business had led to offers which did not deliver "sufficient value" to repay around £220m of debts to bondholders ahead of a June...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.