The planned sale of Aga has been dubbed a win for the trustees of its deficit-ridden DB scheme but Stephanie Baxter finds this is just the start of the journey.
Judges in the US and Canada have rejected attempts by Nortel bond holders to overturn a ground-breaking decision in favour of members of the collapsed telecom company's pension scheme.
Natasha Browne asks whether TPR is right to say small schemes will never meet its governance targets
Duncan Buchanan says the industry must concede some ground to secure consensus
The Nortel case has big repercussions for pensions in international insolvencies
Judges in the US and Canada have ruled Nortel's assets of $7bn (£4.5bn) should be equally distributed among its creditors, in what lawyers say is a victory for UK pensioners.
The verdict will complicate the application of the members’ best interest principle
Former employers of the Merchant Navy Pension Fund (MNRPF) will be forced to pay deficit contributions to the scheme after a landmark ruling in the High Court today.
The European Commission has said that pension schemes should have a further two-year exemption from centrally clearing over-the-counter (OTC) derivatives.
SPP president Duncan Buchanan says ‘we buy any pension dot com’ could leave retirees penniless.