The T&N Retirement Benefit Scheme has agreed a £1.1bn buy-in after its funding level was found to exceed the threshold for Pension Protection Fund entry.
The scheme at the heart of a legal dispute between trustees and the Pension Protection Fund has finally completed its transfer to the lifeboat fund one year after it went into liquidation.
The Pension Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel.
A lawyer has urged the Pension Protection Fund to clarify its appeal process after the The Pensions Trust successfully argued for a reduction to its schemes' levy.
Jack Jones on the PPF's levy appeal process
UK - Defined benefit schemes plunged £80bn ($125bn) further into deficit in September leaving more than 80% now with a funding void, according to the Pension Protection Fund.
Defined benefit schemes plunged £80bn further into deficit in September leaving more than 80% now with a funding void, according to the Pension Protection Fund.
The Pensions Trust has recovered more than £600,000 on behalf of its defined benefit pension schemes by appealing 11 Pension Protection Fund levy invoices.
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A change in the way the Pension Protection Fund views contingent assets could significantly increase the levy for some schemes, Eversheds warns.