Defined benefit (DB) consolidator The Pension Superfund has appointed Chris Hitchen as its founding chairman and has hinted of further appointments in the near future.
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.
Alan Rubenstein and Marc Hommel are stepping down from their positions as chief executive and head of origination at The Pension Superfund, just six months after its launch.
This week's top stories included coverage of the Treasury Committee's report on household finances, which outlined a series of proposed incremental changes.
Any surplus generated by The Pension Superfund will be shared between members and the defined benefit (DB) consolidator's capital providers, Alan Rubenstein has said.
Former Pension Protection Fund (PPF) chief executive Alan Rubenstein says he would have liked to see 'more action' on recovery periods for underfunded schemes.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.