News

Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.

Andrew Parr, one of the founders of the Pensions Action Group (PAG) and an avid campaigner for pensions justice, has died, aged 74.

Defined benefit (DB) trustees must engage with members, either via a consultation or communication exercise, before transferring them to a DB superfund, this week's 112 Pension Buzz respondents said.

This week's top stories were the British Steel review concluding that trustees "need professional help" on communications, and Smart Pension absorbing £12.5m Corporate Pensions Trust.

The British Polythene Pension Scheme (BPPS) has been promised £3.8m per year in additional cash contributions until 2027 as its corporate sponsor is acquired.

Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.

Pub and hotel giant Fuller's will make an additional contribution to its defined benefit (DB) pension scheme following the proposed sale of its entire beer business.

The cost of equalising guaranteed minimum pensions (GMPs) will be less than 1% of total scheme liabilities for over half of all schemes, XPS Pensions has found.

The Treasury Select Committee has launched a new inquiry into the future of the UK's financial services once it has left the European Union.

The Pensions and Lifetime Savings Association (PLSA) has revamped the standards for its Pension Quality Mark (PQM) in a bid to raise the quality of single-employer defined contribution schemes.