UK Coal seeks to offload scheme liabilities to PPF

clock •

The UK's last remaining coalmining firm is seeking to place its scheme into the Pension Protection Fund to save its business.

UK Coal has asked The Pensions Regulator to approve a plan to offload liabilities for its members in the Industry Wide Coal Staff Superannuation Scheme and the Industry Wide Mineworkers’ Pension Sc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment
Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
Martin Richmond
clock 14 November 2024 • 1 min read
DB surpluses hit record £208bn in October, XPS finds
Defined Benefit

DB surpluses hit record £208bn in October, XPS finds

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

Holly Roach
Holly Roach
clock 13 November 2024 • 1 min read
UK DB profit warnings reach highest quarterly level of 2024
Defined Benefit

UK DB profit warnings reach highest quarterly level of 2024

EY-Parthenon finds Q3 saw a 33% increase compared to Q2

Martin Richmond
Martin Richmond
clock 13 November 2024 • 2 min read
Trustpilot