British Airways has reached agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn funding deficit.
A more proactive approach towards protecting member benefits is needed, despite economic uncertainty stunting decision making, Zolfo Cooper says.
Trustees must act to secure the employer covenant before it starts to show signs of weakening or financial distress, Zolfo Cooper says.
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.
The Pensions Regulator has issued guidance for trustees on assessing, monitoring and taking action on issues relating to their employer covenant.
The Pensions Regulator's reluctance to enforce funding agreements between employers and trustees has led to a potentially damaging loss of authority, a lawyer warns.
Towers Watson investment head says UK pension landscape is ‘littered' with small inefficient schemes
The Pensions Regulator has launched a campaign to improve the monitoring of scheme funding and employer covenants.
Inaccurate data presented during the Kraft takeover of Cadbury could mean any clearance applications given in the course of the transaction are invalid, a lawyer says.
The Pensions Regulator has published member record-keeping targets to ensure standards of common data.