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.
Should pension schemes become more litigious?
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April 23, 2018
In 2009, the Royal Bank of Scotland admitted that it had incurred billions of dollars in losses in relation to its subprime exposures and acquisition of Dutch bank ABN Amro.
Hounslow drops Capita and heads for West Yorks
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April 16, 2018
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.
Warwickshire cuts hedge funds from portfolio
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April 11, 2018
The £2.1bn Warwickshire County Council Pension Fund has sold off its hedge fund allocation in anticipation of its move into the Border to Coast Pensions Partnership.
Go-Ahead pension scheme moves from RPI to CPI
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April 9, 2018
Transport operator Go-Ahead has cut its pension liabilities by about £40m by changing the inflation measure used for its bus workers’ final salary scheme.
Should we be worried about public sector pensions?
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April 5, 2018
Analysis: A combination of weak economic growth, growing inflation and lofty discount rates may threaten unfunded public sector defined benefit schemes.
TPR raises bar with mastertrust code of practice
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March 28, 2018
A new authorisation code requiring mastertrusts to demonstrate their financial sustainability may force a number of providers from the market, experts have speculated.
Self-employed do not trust pensions, experts say
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March 27, 2018
Self-employed workers lack confidence in pensions partly because of questions over their affordability, according to experts.
Barnet switches DGFs for property and private equity
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March 26, 2018
The £1.1bn London Borough of Barnet Pension Fund has resolved to cut its 20 per cent allocation to diversified growth funds managed by Schroders and Newton Investment Management.
BT agrees to replace DB with ‘hybrid' scheme
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March 21, 2018
BT has announced the closure of its defined benefit scheme and has agreed to develop a ‘hybrid’ solution with the Communication Workers Union.