Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
Church pension prepares for lower future returns, more volatility, and higher interest rates.
Regulator releases three-year plan to improve UK pension standards.
Auto enrollment helps portion of workers with pensions rise to 73% from 47% in five years.
High Court enforcement officers will be used to force delinquent companies to pay up.
Government windfall rises to £110 million from £10 million in 10 years.
Report cites progress made, but says more work needed on closing gender gap.
Sainsbury CEO says proposed £7.3 billion merger ‘strengthens’ pension covenant.
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Men receive an average of £153.86 a week, compared to £125.98 for women
CFO calls decision an ‘an important milestone.’
Survey also finds 16% will opt out due to recent mandatory contribution increases.