Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
Bulk annuity buyout frees fund from British pension rescue agency.
Ruling expected to cause ‘administrative difficulties’ for UK’s Pension Protection Fund.
Lawrence Churchill will act in a ‘non-executive capacity’ for the start-up DB consolidator.
Benefits lifeboat took on highest total obligations in Carillion, Toys R Us, and Hoover liabilities.
New CRO comes off of an eight month career break following 21 years at insurer.
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
A final decision will now be decided on by the European Court of Justice.
Despite the sharp rise, the aggregate deficit is down 29% from 2017.
Despite monthly increase, deficit is 54% lower than previous year.
Aggregate deficit declines by £62.4 billion.
Lifeboat fund reduces levy estimate for 2018-19 to £550 million from £615 million.
Reports from Pension Protection Fund and Mercer show improved DB funding.
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.
Pension Protection Fund raises its asset, membership projections for the next three years.