THE Dairy Crest Group Pension Fund has purchased a £150m bulk annuity policy from Legal & General Assurance Society.
Previously considered an expensive but failsafe insurance solution, the financial security of pension fund buyouts is now being questioned as the world's financial markets lurch from crisis to crisis. Emma Oakman reports
ROSIE KWOK of MERCER examines The Pensions Regulator's consultation paper on good record-keeping.
Morrisons is to close it final salary scheme to new members in favour of a stakeholder run by HSBC.