The Pension Scams Industry Group has emphasised that scam victims must take responsibility for fraudulent defined benefit transfers where they have been previously warned by their providers.
Nilgosc makes inroads into infrastructure funds
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June 25, 2018
The Northern Ireland Local Government Officers’ Superannuation Committee has pledged millions in infrastructure investment in the past 12 months, and is now turning to review opportunities in absolute return bonds and multi-asset credit.
Less than a third of trustees think TPR will monitor fairly
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June 21, 2018
Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.
SNP bill seeks PPF support for orphan liabilities
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June 19, 2018
A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.
Electrocomponents scheme invests in bespoke pooled fund
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June 18, 2018
The UK defined benefit scheme of FTSE 250 distributor Electrocomponents has moved much of its fixed income exposure into a qualifying investor alternative investment fund.
Plumber wins workers' rights case
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June 15, 2018
The Supreme Court has upheld a verdict that Gary Smith, a former contractor who carried out work for Pimlico Plumbers between 2005 and 2011, was indeed a worker at the company and was consequently entitled to workers’ rights there.
Scheme support levels at highest level since financial crisis
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June 11, 2018
FTSE 350 companies are in the strongest position to support their defined benefit schemes since the 2007/08 financial crisis, a new report has found. However, the gap between the index’s winners and losers continues to rise.
Taylor Wimpey pension plan reaches full funding
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June 11, 2018
Trustees of housebuilder Taylor Wimpey’s pension plan, which completed a medically underwritten mortality study last year, have announced that the scheme has reached full funding following a £23m injection from the company in April.
More than half of charity DB schemes are now closed to accrual
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June 8, 2018
Charities are catching up with private sector employers as the number of defined benefit schemes closed to accrual jumped to 58 per cent at March 2017 from 43 per cent a year earlier, according to consultancy Hymans Robertson.
Should schemes become more eurosceptic?
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June 5, 2018
Analysis: Trustees may be tempted to act upon the past few weeks’ eurozone headlines, which have detailed sweeping geopolitical change across Italy and Spain and frightened investors in the process.