Social Issues

GKN has announced plans to make a cash contribution of £160m into its defined benefit (DB) pension schemes as part of demerger plans designed to fend off a hostile takeover by Melrose Industries.

This week's top stories include articles about the CMI's latest mortality projections model and its accompanying report, which show a clear trend in life expectancy.

Mortality continues to show a steady decline in improvement, well below previous estimates. Victoria Ticha explores industry's reaction to the new CMI model

The Sea Containers 1983 Pension Scheme has been fully insured in a bulk annuity deal completed by Aviva, almost a decade after receiving the regulator's first financial support direction (FSD).

The Border to Coast Pension Partnership has selected Northern Trust as to provide third-party administration and depositary services ahead of the looming April deadline for pooling.

Hymans Robertson has appointed Michael Abramson as a partner and risk transfer specialist to grow its risk reduction offerings.

Muse Advisory has appointed Chris Fagan as associate director to expand its governance team and help grow its UK advisory offerings.

A new law allowing co-habiting couples to register as civil partners could add billions to the liabilities of defined benefit (DB) pension schemes.

Gunnercooke has appointed Suresh Bhatt as a partner to lead its pension advisory services in the North West.

The newspaper publisher is offering a one-off upfront £41.2m cash payment and £29.2m deficit recovery plan for the Northern & Shell defined benefit (DB) schemes as part of its planned acquisition.