The trustee board of Lafarge's UK pension fund has begun discussions with its sponsor to ensure members would be protected under its proposed $40bn (£23.8bn) merger with Holcim to form a global cement-maker giant.
Lancashire Pension Fund has added lump-sum payments to its annual employer contributions to make up for reduced cash flow from a declining active membership.
Industry body Pensions Research Accountants Group, together with the Financial Reporting Council, has had initial discussions with the government on jettisoning out-of-date requirements for pension scheme reporting to make way for its own enhanced disclosure regime.
The NHS Pension Scheme will tailor its communication to different employer types to provide them with more support in fulfilling their obligations, after a survey revealed substantial criticism of its approach.
A catch-up on the statement of recommended practice for financial reporting issued for consultation today by the Pensions Research Accountants Group, including enhanced disclosure requirements on investment risk and valuation.
Surrey County Council Pension Fund is exploring derisking strategies after its assets made further gains against liabilities since its 2013 triennial valuation.
The London Pensions Fund Authority is strengthening its in-house investment capabilities in order to reduce investment costs and diversify further into illiquid assets.
Building materials manufacturer Lafarge has more than doubled its contributions to its UK pension fund after scheme and sponsor negotiated a beefed-up recovery plan to tackle the funding deficit.
BT has suspended its flexible retirement option while it reviews the conditions under which it will consent to BT Pension Scheme members taking early payment of their pension while continuing to work at the communications company.
Defined benefit schemes could see a short-term increase in requests from members to switch their benefits into defined contribution schemes, due to potential government plans to restrict such transfers, benefit consultants have predicted.
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