The Pensions Regulator and the Pension Protection Fund have rubber stamped a £3bn restructuring deal at Cattles, involving an innovative restructuring of the pension scheme.
The balance of occupational pension schemes monitored by the Pension Protection Fund marginally improved to a surplus of £48.4bn at the end of February.
Schemes must take action before 31 March if they are to reduce their 2011/12 Pension Protection Fund (PPF) levies, Aon Hewitt urges.
UK - The Pension Protection Fund has appointed a further nine asset managers to provide credit investments for the fund.
The Pension Protection Fund has appointed a further nine asset managers to provide credit investments for the fund.
The Pension Protection Fund has reappointed State Street to provide a range of global custody and administration services and also hired it to provide securities lending services for the first time.
The Pension Protection Fund is proposing changing the way it assumes section 143 and 179 scheme valuations, it announced today.
A further ten schemes have been admitted to the Pension Protection Fund.
Uniq has finally reached agreement with trustees in its long-running deficit for equity negotiations, which will see the scheme take control of 90.2% of the firm's shares.
The plight of George & Harding scheme members highlights the need for trustees to take independent advice on Pension Protection Fund eligibility, the lifeboat fund says.