DB & DeriskingRSS

PwC schemes cut property from portfolio

Bloomberg

PwC's two defined benefit pension schemes have removed property from their investment strategies and made a number of changes to their fixed income allocations.

Field wants Green to seek TPR clearance for Arcadia sale

Work and Pensions Committee chair Frank Field has written to Sir Philip Green asking him to commit to seeking voluntary clearance from the Pensions Regulator before selling Arcadia Group. Field said he will also write to the Pensions Regulator.

Field: Carillion directors ‘contemptuous’ of pension obligations

Letters from trustees of the main Carillion pension schemes to the Pensions Regulator suggest that directors of Carillion were “contemptuous” of their pension obligations, according to chair of the Work and Pensions Committee, Frank Field.

Third of adults miss most obvious scams

Close to a third of adults missed the most obvious pension scams in a survey testing people's understanding of fraudsters' tricks, and 79 per cent said stricter rules and checks are needed to protect savers.

Carillion divestor considered lawsuit over reporting

Shareholders of the failed outsourcer Carillion had concerns about the business’ strength as early as 2015, according to a select committee inquiry into its collapse, raising questions about the transparency of the group’s financial reporting.

Teesside invests in energy storage ahead of pooling

Getty Images

The £3.9bn Middlesbrough Borough Council Teesside Pension Fund has invested in operational grid-scale energy storage assets, through the British Strategic Investment Fund.

Ladbrokes Coral Group shares its trustee board

Cover graphic 190218 (teaser)

High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.

Barnet grapples with data difficulties

The £1bn London Borough of Barnet Pension Fund has implemented a recovery plan after falling under scrutiny from the Pensions Regulator over its administrative struggles.

High Court backs employers in Wedgwood dispute

Source: Getty Images

The High Court has ruled in favour of participating employers in the Wedgwood Group Pension Plan, who terminated their liability to contribute to the scheme in 2006.

Select committee: Members let down by response to British Steel

Sou

The Pensions Regulator, Financial Conduct Authority and the UK government have all let down former members of the British Steel Pension Scheme, according to a scathing report into the scheme’s restructuring and ensuing transfers scandal.

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