Coventry Building Society has transferred its £220m defined benefit (DB) scheme to TPT Retirement Solutions' DB master trust.
The consolidation - announced today (4 June) - saw the building society's 1,800 members, which include more than 600 pensioners, transferred to TPT's DB Complete. The building society's scheme was closed...
The £9bn Merseyside Pension Fund (MPF) has pledged £30m of scheme assets to a private direct lending fund designed to support small businesses and the UK economy.
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
Just over a third of women claim they do not have a pension plan compared to 17% of men, a Willis Owen survey has found.
Incisive Media - the publisher of Professional Pensions - will turn its logo rainbow to show its support and commitment to LGBT+ equality and inclusion.