Up to £500,000 of public funds will be spent on setting up special purpose vehicle (SPV) for Newham Pension Fund despite the council's oversight and scrutiny committee (OSC) calling for the project to be shelved.
Employers are looking to cut contributions
Legal and General has launched a de-risking service that combines a buy-in or buyout with a property-backed payment structure.
Marks & Spencer has changed the terms of its £1.1bn pension funding partnership after the Financial Reporting Review Panel expressed concerns over amendments made to the arrangements.
Pendragon has agreed a deficit reduction plan with trustees, giving its pension schemes an interest in a £35m Central Asset Reserve and cutting sponsor contributions by £46m over three years.
Philip Jelley explains why using a company's shares to satisfy a final-salary pension scheme's debt can prevent insolvency.