Move follows Pension Schemes Bill and will save schemes £45m in 2025/26
BPA transaction secures the benefits of around 100 pensioners and 20 deferred members
Consultant says code has led to ‘significant change’ for a minority of DB schemes
Sky News says the high street bank is looking to refocus on ‘core strategic priorities’
Just four firms manage 80% of scheme assets, two firms planning to enter superfund market, Pensions UK says remove investment barriers
Deal has been agreed for an undisclosed sum and is subject to regulatory approval
Transactions secure all remaining benefits of two schemes sponsored by the British department store
Regulator says it is checking to ensure its regime is ‘right for the future’
Initiative aims to raise awareness of annuities and provide discussion about the future of retirement income
Interest in alternative endgame options growing as sponsors revisit strategies