Frank Field questions Pensions Regulator as Kodak scheme heads to lifeboat September 19, 2018 Leading Labour MP and chair of the Work and Pension Select Committee Frank Field has demanded answers from the Pensions Regulator (TPR) over its handling of Kodak's struggling KPP2 pension scheme. Yesterday, trustees of the scheme said it was highly likely it would fall into the Pension Protection Fund (PPF), as the business is not performing [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
When should you consider consolidating your pensions? September 19, 2018 | City Talk Over the years you may have collected a variety of pension schemes, especially if you have had several jobs. For those who dislike the clutter of a mixture of pensions, consolidating many types of pension scheme into one modern pension can be a relatively straightforward exercise. In particular, a “defined contribution” scheme, such as a [...]
Former Pension Protection Fund chair Lawrence Churchill joins newly formed Clara Pensions September 17, 2018 Former chairman of the Pension Protection Fund (PPF) Lawrence Churchill was today appointed as the inaugural chairman of emerging consolidator firm Clara Pensions. The industry figure will bring 40 years experience to the role at the company, which consolidates company's historic defined benefit (DB) pension schemes. Clara says it acts as a "bridge" for members [...]
Former Pension Protection Fund chair Lawrence Churchill joins newly formed Clara Pensions September 17, 2018 Former chairman of the Pension Protection Fund (PPF) Lawrence Churchill was today appointed as the inaugural chairman of emerging consolidator firm Clara Pensions. The industry figure will bring 40 years experience to the role at the company, which consolidates company's historic defined benefit (DB) pension schemes. Clara says it acts as a "bridge" for members [...]
Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Greene King strikes £50m deal with Scottish Widows to cover pension liabilities September 17, 2018 Pub chain Greene King today announced it had struck a £50m deal with Scottish Widows to cover some of its pension liabilities. The company's first so called bulk annuity transfer will see Scottish Widows cover Greene King's responsibilities to pensioners in its final salary Spirit Pension Scheme. There may also be future moves to secure further annuities in [...]
Revealed: the most expensive tracker funds September 13, 2018 | City Talk Passive investments have been growing in popularity in recent years. In contrast to ‘active’ funds that employ fund managers to try and select the best performing investments, passive investments or ‘trackers’ simply aim to replicate the performance of an index, say, the FTSE 100, usually by holding all or most of the constituents. Investors are [...]
British Airways pension scheme strikes landmark £4.4bn deal with L&G September 13, 2018 British Airways (BA) has this morning struck a bumper deal to insure £4.4bn worth of pension liabilities in its Airways Pension Scheme (APS). Insurer Legal & General will cover the enormous pension buy-in, which represents the largest ever so called bulk annuity transfer with a UK pension scheme. The contract will see L&G agree to [...]