Newspaper publisher Reach has requested discussions with the trustees of its pension funds to defer deficit recovery contributions (DRCs) to shore up finances during the coronavirus pandemic.
This week's top stories included TPT Retirement Solutions consolidating the £30m Hinckley and Rugby Building Society's defined benefit scheme, and Guy Opperman becoming the second-longest serving pensions minister.
British Steel financial adviser and former managing director of Active Wealth UK Darren Reynolds advised a group of people from the Trinity Mirror pension scheme to transfer out of their defined benefit (DB) pensions.
The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.
The aggregate deficit of Trinity Mirror's three final salary defined benefit (DB) schemes grew by 52% over 2016.
Trinity Mirror Group's defined benefit (DB) pension deficit has increased by £120.8m to £426m in the past six months, driven by a fall in long-term interest rates.
The Trinity Mirror Group has agreed to pay £36.2m into its defined benefit schemes on an annual basis over the next three years to plug its ballooning deficit.
Liverpool has been alive with industry figures attending the National Association of Pension Funds (NAPF) annual conference this week, and here are the top ten stories from the event.
The pensions industry is obsessed with charges even though contribution rates are a bigger issue, Trinity Mirror's chairman of trustees has said.
Trinity Mirror's pension liabilities rose by £12.5m last year as a result of a fall in the real discount rate from 1.7% to 1.05%, its annual statement showed.
Trinity Mirror injected an extra £9m into its pension scheme in December following stronger than expected cash flows in 2013, updated figures show.
The National Association of Pension Funds' (NAPF) Default Fund Design and Governance in DC Pensions report highlights some of the trends and features of well-designed defined contribution (DC) funds.
Schemes with good defined contribution (DC) defaults focus on value, reduce volatility and make funds easily adaptable, the National Association of Pension Funds (NAPF) says.
Newspaper group Trinity Mirror has almost quadrupled the amount of de-risking insurance contracts it holds as discount rate falls increased its deficit, its final year results show.
Trinity Mirror will stick to its reduced deficit funding schedule despite seeing its shortfall increase by a third over the last six months.
The Pensions Regulator has softened its approach to companies that cut back on contributions.
Trinity Mirror has sparked a row with The Pensions Regulator after finance director Vijay Vaghela complained about a lack of response to the company's plans to slash scheme payments by £70m.