On the go: Lloyds Banking Group is planning to cut the pensions allowance of its chief executive by more than £220,000, while increasing contributions to its staff.
SNP vows to end executive pay pensions gap
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November 27, 2019
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
The People’s Pension fee structure changes delayed
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November 26, 2019
On the go: Changes to The People’s Pension charges structure have been delayed after a problem was encountered during testing.
PASA launches guidance for master trust consolidation
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November 26, 2019
On the go: The Pensions Administration Standards Association has launched guidance for master trusts to follow when considering consolidation.
National Grid completes £1.6bn buy-in with Legal & General
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November 26, 2019
On the go: The National Grid UK Pension Scheme has completed a £1.6bn buy-in with Legal & General Assurance Society.
Labour promises £58bn redress to 1950s women
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November 25, 2019
On the go: The Labour party has pledged to compensate women affected by the state pension age hike, with a £58bn commitment.
Ombudsman: DWP failed to explain GMP downgrade to members
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November 25, 2019
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Service Ombudsman has concluded.
Border to Coast launches £5bn global equity fund
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November 22, 2019
On the go: Border to Coast Pensions Partnership has launched a Global Equity Alpha Fund, with assets worth £5bn spread across four asset managers hired in June.
Woodford debacle wipes out £63m from Kent Council Fund
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November 21, 2019
On the go: The Kent County Council Superannuation Fund has seen the value of its holdings in Woodford Investment Management’s flagship fund fall 24 per cent in six months, wiping out £63m.
Dalriada working with replaced trustee to recoup £14m
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November 20, 2019
Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.