This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.
Alan Rubenstein and Marc Hommel are stepping down from their positions as chief executive and head of origination at The Pension Superfund, just six months after its launch.
The Pension Superfund has rejected Pension Protection Fund (PPF) suggestions that consolidators should be subject to a specially-curated levy.
Any surplus generated by The Pension Superfund will be shared between members and the defined benefit (DB) consolidator's capital providers, Alan Rubenstein has said.
Vehicles to promote and enable pension scheme consolidation have been accused of forgetting the policy's intention of boosting outcomes for members of sub-scale schemes.
Former Pension Protection Fund (PPF) chief executive Alan Rubenstein says he would have liked to see 'more action' on recovery periods for underfunded schemes.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.