Liabilities covered for approximately 1,400 pensioner members
Sponsor has agreed to guarantor recourse to group’s bank facility agreement
PMI re-elects Lesley Alexander as president and appoints Ruston Smith as chair of its board
This week's top stories included LCP appointing its first chief executive and Dunnes Stores' defined contribution scheme trustees being replaced after "governance failures".
De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.