The Pensions Regulator has rejected proposals from chilled prepared foods firm Uniq to fund a £436m scheme deficit.
Businesses with pension deficits are starting to utilise property to finance the gap. Laura Blows finds out how companies are using property as a contingent asset and the advantage of these types of arrangements
The aggregate deficit of the 6653 schemes in the Pension Protection Fund's PPF 7800 index amounted to £21.8bn at the end June down from a surplus of £11.7bn at the end of May.
EUROPE - The European Commission is considering an EU-wide safety net for pension schemes similar to the UK's Pension Protection Fund (PPF).
UK - European Commission proposals for an adjusted version of Solvency II standards for pension schemes could cost Britain £500bn if they are implemented, the Confederation for British Industry has warned.
Bridge Trustees is considering taking a test GMP equalisation case to the European Court of Justice to clarify how the issue should be tackled, PP has learned.
The Pension Protection Fund has recruited six global tactical asset allocation managers as part of its statement of investment principles announced earlier in the year.
A small engineering firm racked with bank debts and a £10m buyout shortfall was saved from insolvency after trustees agreed a complex debt-for-equity swap, PP has learned.
Corporate pension schemes could face a deficit of £362bn at the end of the year, Xafinity Corporate Solutions predicts.
Towers Watson investment head says UK pension landscape is ‘littered' with small inefficient schemes