Latest articles from Maria Espadinha

Kent Council Fund recoups £139m from Woodford investment

News On the Go

On the go: The Kent County Council Superannuation Fund will receive £139m from its investment in Woodford Investment Management’s flagship fund, though this still leaves the scheme with a £99m shortfall.

TPR: Companies must engage early with regulator on CVA’s

News On the Go

On the go: Firms considering a company voluntary arrangement must engage early with the regulator in the process and provide full information, the Pensions Regulator has warned.

Pension funds’ recovery in question as Norton enters administration

News On the Go

On the go: Norton Motorcycles has gone into administration, raising questions about recouping money in three pension funds solely invested in the motorcycle manufacturer.

Church of England invests £600m in ESG equity fund

News On the Go

On the go: The Church of England Pensions Board plans to allocate £600m to a fund tracking a climate-friendly index, aiming to align its pension schemes with the goals of the Paris agreement.

Co-op pension scheme completes £1bn buy-in

News On the Go

On the go: The Co-operative Pension Scheme has completed a £1bn bulk purchase annuity transaction with Aviva.

Criminal sanctions could deter businesses and trustees, Lords warn

The government has been urged to review the scope of new criminal sanctions introduced by the pension schemes bill that have “been drawn incredibly widely” and could “deter respectable people from becoming trustees”.

Lloyds pension schemes agree to £10bn longevity swap

News On the Go

On the go: The trustee of the Lloyds Bank pension schemes has agreed to a £10bn longevity swap deal with Scottish Widows and Pacific Life Re.

Britvic request to switch RPI pension increases denied

Britvic teaser (Bloomberg)

Soft drinks manufacturer Britvic has had its attempt to reduce the inflation-proofing it provides for its defined benefit pension scheme rejected by the High Court.

BT appeal on guaranteed minimum pensions indexation dismissed

News On the Go

On the go: BT will have to extend the full indexation of guaranteed minimum pensions to certain members of its pension scheme affected by a government decision, after having its appeal dismissed.

Pensions Ombudsman to hold hearing against failed trustee

News On the Go

On the go: The Pensions Ombudsman will hold an oral hearing against the trustee and administrator of three pension schemes solely invested in a motorcycle manufacturer, as it has received 30 complaints against these individuals.