News

Administrators of Nortel and Lehman Brothers have reached the Supreme Court in their attempts to challenge a Financial Support Direction (FSD) issued by The Pensions Regulator against the insolvent companies.

BT Pension Scheme will offer a pension increase exchange (PIE) to around 120,000 pensioners over the coming year, PP can reveal.

The Department for Communities and Local Government (DCLG) is expected to launch a call for evidence into a merger of local government pension scheme (LGPS) funds.

The Treasury has claimed that the Equitable Life payments scheme is on track to close on schedule in 2014, despite claims it has been hit by delays and mistakes.

Sir Winfried Bischoff, chairman of Lloyds Banking Group after taking over during the financial crisis, is to retire from the group later this month.

The Pension Protection Fund (PPF) has taking a significant step to bringing member services in-house, awarding a ten-year contract to administration software provider Civica.

The combined defined benefit deficit of FTSE350 firms has risen 50% during the first four months of this year, research from Mercer shows.

The collective defined contribution (CDC) model has been challenged as a contender for British pension funds as Dutch CDC vehicles have been forced to cut benefits.

Aon Hewitt has appointed Karen McWilliam as head of its public sector benefits consultancy.

Partnership Assurance is to float on the London Stock Exchange.