UK/IRELAND - Drinks manufacturer Diageo has announced a 10-year funding plan to plug its £862m (US$1.3bn) pension deficit.
UK - In his first print interview since being confirmed as pensions minister in the coalition government, Steve Webb talks to Tom Selby about the review of auto-enrolment, GMP equalisation and introducing a new Pensions Act.
Webb says NEST could go ahead untouched following independent review.
Government proposals to increase the retirement age and index pension payments to the Consumer Price Index could slice 15% from public sector liabilities, London Pensions Fund Authority chief executive Mike Taylor says.
The coalition government will push ahead with NEST if the independent review panel decides the current structure is fit for purpose as well as tackle GMP equalisation and introduce a new Pensions Act, pension minister Steve Webb says.
The first issuance of a contribution notice could signal a clampdown on companies who fail to engage with trustees and the regulator, lawyers say.
The Pensions Regulator's decision to finally enforce its moral hazard powers - through a £5m contribution notice to the Bonas Group Pension Scheme - got me thinking about Daddy Longlegs. Apparently, the bumbling Longlegs has the most powerful venom in...
The Pensions Regulator has issued a £5m contribution notice to the Bonas Group Pension Scheme.
UK/BELGIUM - The Pensions Regulator has issued a £5m (US$7.5m) contribution notice to the Bonas Group Pension Scheme.
Government could slash university funding if the USS final salary scheme is not reformed, the Employers' Pension Forum warns.