Communications services giant WPP has insured £140m of defined benefit liabilities with the Pension Insurance Corporation.

MPs chairing the joint inquiry into the collapse of outsourcer Carillion have lambasted the company's former directors as "delusional", highlighting that recovery plans drafted shortly before the insolvency paid little consideration to pensioners.

The Pensions Regulator has fined the trustee and trust manager of Now Pensions in relation to persistent administration failures, and has given the embattled mastertrust until July to fix all of its issues.

Multinational Dow Chemical is moving its defined contribution plans in the UK and the Netherlands to an international DC solution.

BT is to close its defined benefit BT Pension Scheme to managers for future accrual on May 31 2018.

The Edinburgh Airport Pension Plan has appointed actuaries and consultants Spence & Partners for defined benefit pension scheme management. 

On the go: BT will appeal last month’s High Court ruling against changing the measure by which increases for its Section C scheme are calculated, from the retail price index to the consumer price index.

The High Court will hear objections to Barclays’ decision to back its pension scheme with its non-ringfenced investment bank, reports the Financial Times.

A group of Carillion electricity workers may become a key test case for pension protections, according to union Prospect.