The Co-operative Group
Defined Benefit
Decline in surplus offset by increase to company’s cash position
05 April 2023
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2 min read
Defined Benefit
The Co-operative Bank is set to continue de-risking pension schemes after it mitigated further losses by switching from the retail prices index (RPI) to the consumer prices index (CPI).
16 March 2018
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2 min read
Defined Benefit
Trustees of the £10bn Co-operative pension fund are demanding £50m to split the scheme and enable a deal to rescue the struggling bank, according to reports.
16 June 2017
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1 min read
Industry
The most popular stories were British Airways returning to a pension deficit as its High Court case nears and BMW facing union backlash over plans to close its defined benefit scheme.
30 September 2016
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1 min read
Defined Benefit
The Co-operative Group has reported a £564m increase in the combined surplus of its defined benefit (DB) schemes.
23 September 2016
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1 min read
Employee Benefits
Employers across the country will soon be able to offer staff season ticket-style loans to cover rent deposits.
04 February 2015
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Defined Benefit
The Co-operative Group has increased annual deficit contributions and made a one-off £30m payment to its scheme following the disposal of several parts of its business.
04 September 2014
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Risk Reduction
Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.
14 May 2014
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Investment
The Somerfield Pension Scheme has hired BNY Mellon for a custody and investment accounting mandate.
27 January 2014
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Appointments
Lord Myners has been appointed to chair the governance review into the Co-operative Group and how its board is constituted and chaired.
12 December 2013
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