PPF

Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.

The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.

The trustees of the Box Clever Group Pension Scheme turned down a number of financial offers in a bid to secure 100% of members' benefits, the scheme's chairman has told the Upper Tribunal.

More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.

The High Court has ruled that Wedgwood made an effective and valid decision when closing the Wedgwood Group Pension Plan (WGPP) to future accrual and ending the final salary link.

Carillion's 13 UK defined benefit (DB) pension schemes had a combined £2.6bn buyout deficit upon its collapse on 15 January, according to an analysis for Sky News.

Respondents say dividend clearance regime for firms with pension deficits is a bad idea.

The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.

Carillion's 13 UK defined benefit (DB) schemes were added to the Pension Protection Fund's (PPF) watch list by autumn last year, the Financial Times reports.

Jonathan Stapleton says in light of the construction giant's collapse, the government must urgently tackle the issue of scheme funding.