Deal initially structured as buy-in before full handover to L&G expected next year
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
High levels of scheme governance are more pressing than ever during the Covid-19 pandemic. Jonathan Hazlett looks at how trustees can maintain this while working remotely.