Newspaper publisher Johnston Press is pushing on with hopes to detach itself from its defined benefit (DB) pension scheme as it launched a search for a buyer.
Richard Favier says the process for regulated apportionment agreements is complex, lengthy, expensive, but there is a solution
This week's top stories include House of Fraser's defined benefit scheme becoming 'kingmaker' in the retailer's restructuring plans, and the need for a pool of 'super trustees' at The Pensions Regulator.
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.
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.
Richard Favier says extending the 12-month period would result in a lot of companies seeking to pass their pension debts to the PPF