british steel

A lifeline for British Steel in the form of a Chinese buyout would have positive implications for its workers caught up in its defined benefit (DB) pension transfer scheme saga.

This week's top stories included TPT Retirement Solutions consolidating the £30m Hinckley and Rugby Building Society's defined benefit scheme, and Guy Opperman becoming the second-longest serving pensions minister.

British Steel financial adviser and former managing director of Active Wealth UK Darren Reynolds advised a group of people from the Trinity Mirror pension scheme to transfer out of their defined benefit (DB) pensions.

Savers could be at risk if no legal duty to put their interests first is placed on commercial pensions dashboards, The People's Pension has warned.

This week's top stories were the British Steel review concluding that trustees "need professional help" on communications, and Smart Pension absorbing £12.5m Corporate Pensions Trust.

The Pension Protection Fund has seen its funding level improve by 1.2 percentage points, after enjoying above target returns in a year when it took on pension schemes of big corporates like Carillion.

Some 100,000 defined benefit (DB) transfers took place in the 2017/18 financial year, according to estimates by The Pensions Regulator (TPR).

Steelworkers are set to receive their first payments today from the new British Steel Pension Scheme (BSPS), which is now in full operation for over 80,000 employees.

Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.

The Pensions Regulator (TPR) has taken the right approach by naming and shaming schemes that fail to meet their obligations under auto-enrolment (AE), according to this week's Pensions Buzz survey.