News

Towers Watson shareholders are again being urged to vote against the proposed merger with Willis Group by proxy adviser company Glass Lewis and Co.

The Pensions Protection Fund Ombudsman (PPFO) has rejected a complaint held by trustees over the suitability of a PPF levy guarantor.

Top stories on PP this week include a boat builder not paying three months of contributions and unions rejecting a proposal from United Utilities to shut a DB scheme

Universities Superannuation Scheme (USS) has sold 40% of its shareholding in Moto Group to funds advised by CVC Capital Partners (CVC) after acquiring the company just two months ago.

Active membership of defined benefit (DB) schemes has remained stable in the last year dropping by just 3.4% according to the Purple Book.

The euro shot up against all major currencies after the European Central Bank (ECB) cut deposit rates to -0.3% and extended its asset purchasing programme.

Fairline Boats has entered administration after being accused of missing three months of contributions to worker's pensions.

The number of people transferring out of defined benefit (DB) schemes each month doubled over the last year, according to figures from Xafinity.

Defined benefit pension schemes should be braced for a year of low funding ratios, weaker returns, and more volatility against an uncertain economic backdrop, according to BlackRock.

Trustees and their advisers can do little to plug deficits of defined benefit (DB) schemes in the face of market forces which are beyond their control, says Andrew Warwick-Thompson.