Transport company Stagecoach has estimated it will need to pay £24.2m to equalise guaranteed minimum pensions (GMPs) for members of its defined benefit (DB) scheme.
Following the High Court's ruling in the Lloyds Bank case in October, the firm anticipated a 21% growth in the Stagecoach Group Pension Scheme's (SPS) deficit directly due to GMP-related liabilities, ...
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.