25-year consensus on contracted-out DB schemes overturned in High Court ruling
Deal comes on the back of a £300m pensioner-only buy-in completed in 2014
The Mowlem (1993) Pension Scheme has secured the benefits of around 1,000 members in a buyout with Legal & General (L&G) offering income above compensation levels.
The High Court ruling on guaranteed minimum pension (GMP) equalisation may have said various methods were possible but, in practice, schemes will find it fairly easy to implement, legal experts say.
The regulator has bared its teeth in two court cases involving failure to hand over information vital for its investigations, resulting in its first convictions. Stephanie Baxter asks if it suggests a shift in attitude