Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Shareholders last week rejected a rescue plan which would have seen around half of the beleaguered contractor's debt cancelled with additional funds lent in return for a majority stake in the business....
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.