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GLIL relaunched under regulated structure

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Infrastructure platform GLIL, formed in 2015 by the London Pensions Fund Authority and the Greater Manchester Pension Fund, has been relaunched under a regulated structure.

High Court rules against statutory limit for overpayment recovery

The High Court has ruled that defined benefit schemes are not subject to a time limit on their ability to recoup pension overpayments. Such a recovery must be carried out equitably by altering future payments, however.

Hertfordshire bungles scheme actuarial reports

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More than one hundred academies and colleges participating in the Hertfordshire County Council Pension Fund have been sent erroneous actuarial reports. These were subsequently used in the preparation of their own financial accounts.

Plymouth & South West Co-op introduces illiquids and cuts DGFs

The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.

Chatbots, GDPR and scams: Is admin in for a sea change?

Technological advances could mean pensions administration is about to become a lot sexier, but while cyber security evolves humans still need education if the industry is to protect pensions data and money.

Hounslow drops Capita and heads for West Yorks

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The £991m London Borough of Hounslow Pension Fund will enter into an administrative partnership with the West Yorkshire Pension Fund following the imminent conclusion of its contract with third-party administrator Capita.

UCU suspends strike action to scrutinise USS valuation

The University and College Union has called to suspend all strike action after its members accepted an offer to examine the latest valuation.

Pension questions raised after FirstGroup rejects takeover bid

FirstGroup’s rejection of a hostile takeover approach from US private equity group Apollo Management has sparked discussion on pensions.

Associated British Ports consults on accrual change

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Associated British Ports has proposed to change the accrual rate for its defined benefit pension scheme, in a bid to cut costs and focus on fairness while keeping the scheme open to accrual.

Select committee launches inquiry into DB white paper

The Work and Pensions Committee has launched an inquiry into the government's recent white paper on defined benefit security and sustainability, asking how the proposed measures are likely to be most effective and whether legislation should be fast-tracked.

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