Hints and tips:
...Bunny Turner and Emma Pocock of London-based interior design studio Turner Pocock were still sourcing pieces from across the Atlantic up until a few years ago....
...“Members are currently receiving benefits from the Turner and Newall scheme at the levels set out in the Pensions Act....
...The rural aspect, proximity to Gatwick and Heathrow airports and good schools have made the Surrey Hills attractive to international buyers too, says Alex Newall of Barnes Private Office....
...Last November, the pension fund of defunct asbestos maker Turner & Newall completed a £1.1bn deal with L&G....
...Turner & Newall’s £1.1bn buy-in policy bought from Legal & General in October is the largest yet completed, according to Hymans....
...The previous biggest was T&N (Turner & Newall) which entered the PPF in July 2006, with 35,000 members and £1.9bn of buy-out liabilities....
...Turner & Newall, the largest single scheme with £1.8bn (€2.3bn, $3.5bn) of liabilities, was already in administration when the PPF opened and only a sleight of hand by the government made it eligible for...
...But speaking before the letter arrived, Clive Newall, the president of First Quantum, said: “We have a contract that is legally binding. We acquired our assets in an open tender.”...
...Pensions happy ending The sight of the Turner & Newall pension scheme finally making its way toward the Pension Protection Fund should prompt a sigh of relief all round....
...Turner & Newall, a vehicle parts company with 40,000 pension members, first went into administration in 2001....
...Stand by for Sturm und Drang over our story this morning that the liabilities of Turner and Newall’s 40,000-member pension scheme are to be taken over by the Pension Protection Fund....
...Newall, the vehicle parts company, and its US parent, Federal-Mogul....
...Members of the final salary pension of Turner & Newall, the vehicle parts company that is under administration, are just the latest in a long line of people who face having their pension fund taken over...
...S & P on the PPF The plight of the Turner & Newall pension scheme has highlighted the risk posed to the UK's new Pension Protection Fund by the collapse of large companies....
...It is a safe bet that the Turner & Newall (T&N) Pension scheme, with £1.9bn of total liabilities and an £875m deficit, will be one of its earliest and biggest cases....
...But until Christmas is safely in the bag, the shares are likely to priced similarly to an LCD TV that some retailer has overstocked Turner & Newall Will a UK government policy shift have a pernicious impact...
...If, as expected, Turner & Newall, the insolvent automotive parts manufacturer, folds its pension scheme, its trustees will be obliged to use their assets to purchase annuities for current pensioners and...
...Making money is more problematical for members of the Turner & Newall pension fund who have a £875m hole in their scheme and no employer to make up the shortfall....
...Making money is a bit more problematical for members of the Turner & Newall pension fund who have a £875m ($1.6bn) hole in their scheme and no employer to make up the shortfall....
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