The firm was relegated to the FTSE 250 but is now on the brink of being promoted
The number of FTSE 250 companies moving to a master trust is set to increase over the next two years, according to research by Willis Towers Watson (WTW).
The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.
UK headline dividends have declined for the first time since 2015, falling 2.1% in the second quarter of 2018, according to the latest quarterly dividend monitor from Link Asset Services.
More than two years' worth of dividends are needed to plug the £4.7bn defined benefit (DB) pensions deficits for 23 FTSE 250 companies, JLT Employee Benefits research shows.
Master trusts are increasingly becoming the defined contribution (DC) vehicle of choice for FTSE 350 companies as they ditch trust-based schemes.
Only 11 companies in the FTSE 250 provide defined benefit (DB) pensions for a significant number of employees, according to JLT Employee Benefits.
Just Retirement has undertaken a pensioner buy-in for the Galliford Try defined benefit (DB) scheme.
Defined benefit (DB) schemes have not had a good start to the year with falling oil prices and low interest rates according to JLT Employee Benefits.
DB schemes will not vanish from FTSE 250 companies in the next 12 months according to PP research.