39 press releases for "Pensions"

24 March 2017

Pension Protection Fund (PPF) levy rule changes for next triennium, PwC comments

Following the consultation paper published by the PPF proposing changes to its levy rules for the next triennium from 2018/19 to develop a more accurate...

19 October 2016

PwC team sparks £750m pension deficit cost-cutting drive at Western Power

A company supplying the cabling that provides electricity to a quarter of homes in the UK has become the first to identify a potential £750m...

13 October 2016

Nortel pension scheme – settlement announced

Welcome news for 33,000 UK pensioners A consensus has been reached between various key parties in Nortel's global insolvency as to how the $7bn residual...

30 September 2016

Pension deficit remains a stubborn problem, despite a £20bn improvement in September according to PwC’s Skyval Index

New figures released today from PwC’s Skyval Index show the deficit of the UK’s c.6,000 defined benefit (DB) pension funds improved slightly by £20bn after...

23 September 2016

PwC comments on the Pension Protection Fund Levy consultation

Commenting on the release of the Pension Protection Fund's (PPF) 2017/18 Levy Consultation document, Chris Jackson, PwC accounting advisory leader, said:   "Many companies are still...

01 September 2016

Pension deficit grows by £100bn in a month, according to PwC’s Skyval Index

New figures released today from PwC’s Skyval Index show the deficit of defined benefit (DB) pension funds grew by £100bn in the last month alone,...

19 August 2016

£65m bulk annuity deal between Just Retirement and Amey OS Scheme Trustees announced

A £65m funding deal for one of the defined benefit pension schemes sponsored by engineering and public services firm Amey has been completed, PwC announces...

04 August 2016

MPC cuts Bank Rate, August 2016- PwC comments on pensions

Commenting on the latest Bank Rate out today, Richard Cousins, pensions consulting partner at PwC, said: “Today's base rate cut means long-term gilt yields are...

29 July 2016

PwC comments on Pension Protection Fund’s statement on Third Levy Triennium

Commenting on the statement from the Pension Protection Fund (PPF) on the Third Levy Triennium Consultation, PwC’s Julia Dickson, pensions credit advisory partner at PwC,...

15 July 2016

The Pensions Regulator’s guidance to trustees following the vote to leave the EU- PwC comments

Following The Pensions Regulator publishing guidance to trustees following the vote to leave the EU, Richard Cousins, pensions consulting partner at PwC, said: "It is...

12 July 2016

Pension schemes no better off than 10 years ago - how should companies respond to Brexit?

It has been 10 years since PwC began tracking support for defined benefit schemes across the FTSE 350. Over that time, despite a gradual recovery...

08 July 2016

PwC grows its pensions practice with new senior promotions

PwC has strengthened its pensions business with nine senior promotions across the practice. In total there are three new equity partners and six new directors...

24 June 2016

EU Referendum- PwC comments on pensions

Richard Cousins, PwC pensions partner, commented: “The uncertainty around our EU membership has contributed greatly to the volatility of the UK markets and this has...

18 May 2016

Queen's Speech: PwC comments on Pensions

Raj Mody, head of PwC’s pensions consulting business, commented: “The details will be important, but the Pensions Bill measures appear sensible changes to help improve...

14 March 2016

Surprise good news for pensions could be on the horizon, says PwC

Promoting “lifetime saving” and easing the female State Pension Age transition could be new options for the Chancellor The apparent U-turn from the Chancellor on...

12 March 2016

Governments need to step up and address Intergenerational Fairness– says Citizens’ Jury

A Citizens’ Jury convened by BritainThinks for PwC has called on Governments to step up and take control of intergenerational challenges, focusing on the long...

04 March 2016

PwC appoints new senior hires into its pension practice

Andrew Drake, former managing director at River and Mercantile plc, joins PwC as a partner, to lead its regional pensions investment consulting activities. He will...

29 January 2016

PwC comments on EIOPA pensions stress test

This week EIOPA published the results of its pensions stress test, which considered two adverse market scenarios and one longevity scenario on a sample of...

28 October 2015

PwC restructuring scheme helps protect 2,000 jobs at steel trader Stemcor after lenders agree terms

As the steel industry finds itself under unprecedented pressure, PwC has announced a deal to help safeguard the jobs of close to 2,000 workers at...

15 October 2015

Pace of retailers shutting up shop plummets to lowest level for five years says PwC and The Local Data Company

H1 overall closures at five-year lows Lowest churn rate of openings + closures since 2011 Coffee shops, charity shops, take away food shops thriving Cheque...

29 July 2015

PwC grows its regional pension teams to meet client demand

PwC has strengthened its pensions team with the promotions of a new equity partner and three new directors. This investment is on the back of...

18 May 2015

Redington and PwC join forces to meet the integrated needs of clients in today's challenging pensions environment

PwC and Redington, two of the UK’s leading innovators in pension solutions, have formed a unique strategic alliance to help trustees and sponsors better eliminate...

13 May 2015

U.S.-Canada insolvency ruling gives fair pay-out for pensioners

Judges in the US and Canada deciding on the allocation of $7.3bn of residual Nortel assets yesterday issued a ruling in favour of pension creditors,...

06 May 2015

£675m bulk annuity deal between Rothesay Life and Lehman Brothers Pension Scheme Trustees announced

Rothesay Life assumes pension liabilities for all defined benefit pension scheme members of the Lehman Brothers Pension Scheme (“the Scheme”), including pensioners in payment and...

14 April 2015

Pension deficits on the rise as Consumer Price Inflation stays flat

The Consumer Prices Inflation (CPI) has remained at zero, the Office of National Statistics announced today. CPI was 0% for the 12 months up to...

08 April 2015

PwC targets an extra £56m return to MG Rover creditors as 10-year milestone is passed

Today marks ten years since Rob Hunt, Tony Lomas, and Ian Powell were appointed as administrators of MG Rover Group, the Midlands -based car production...

24 March 2015

Pensions and shares ‘most popular employee benefits’: PwC

Long-term savings such as pensions and share schemes are the most popular rewards offered by employers, a PwC survey shows. A PwC survey of 2,400...

17 March 2015

Companies slowing pension deficit repair at record rate, says PwC research

More than half of company pension funds have lengthened deficit recovery plans by three years or more, new survey research by PwC shows. In its...

19 February 2015

Amey selects Skyval to manage £1bn of pensions obligations across six pension schemes

Amey, one of the UK’s leading public and regulated services providers, has selected Skyval as the platform to manage the pension obligations of its six...

12 February 2015

Pensions longevity swaps deals could treble this year as market barriers broken down, says PwC

More companies can now afford to remove the risks associated with their pension scheme members living longer than expected due to innovative new structures developed...

19 September 2014

PwC responds to the Scottish Referendum outcome: Lindsay Gardiner comments

Responding to the outcome of the Scottish referendum, Lindsay Gardiner, regional leader at PwC in Scotland, said: “After 23 months of debates and discussions, the...

19 August 2014

Lehman Brothers Pension Scheme – funding agreement announced

The Joint Administrators of Lehman Brothers International (Europe) (“LBIE”) and the Trustees of the Lehman Brothers Pension Scheme (the “Scheme”) are pleased to announce that...

28 February 2014

Internacionale UK Limited -in administration

Internacionale UK Limited –in administration (“Internacionale” or “the Company”) Bruce Cartwright, Lyn Vardy and Toby Underwood of PwC were appointed as joint administrators of Internacionale...

07 February 2014

Corporate failures at lowest levels for a decade as funders rescue companies from collapse

PwC analysis of today’s national corporate insolvency statistics finds that the number of company failures has decreased again as positive sentiment has seen funders provide...

29 October 2013

Cap on workplace pension charges

The Department for Work and Pensions (DWP) is expected to publish a consultation tomorrow (Wednesday 30th October) outlining plans to cap workplace pension charges at...

04 October 2013

Ian Powell says it's time to close the trust gap

Ian Powell, PwC’s Chairman and Senior Partner, has called for renewed efforts to improve the understanding of businesses’ contribution to society. Speaking at PwC’s 11th...

24 July 2013

PwC comments on key Supreme Court ruling on pension payouts after company collapses

Today the Supreme Court determined that Financial Support Directions or FSDs imposed against UK companies in relation to defined benefit pension schemes will rank as...

11 July 2013

UK Coal Operations Limited - in administration – Update

Further to the statement on 9 July, the administrators of UK Coal Operations Limited are pleased to have concluded the transfer of shares in UK...

04 July 2013

Introducing Skyval - PwC launches revolutionary online pensions analysis platform

PwC has launched Skyval, a new pensions risk analytics tool that allows companies and trustees to manage, monitor and take decisions about their pensions issues...
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