Contractor Carillion has entered into compulsory liquidation, with its 28,000 defined benefit pension scheme members set to transfer into the Pension Protection Fund, at a cost to the lifeboat of more than £587m.
Select committee set to publish responses on British Steel transfers
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January 12, 2018
The Work and Pensions Committee is to release responses it has received from the FCA, advisory business Active Wealth and 'introducer' company Celtic Wealth.
Chappell found guilty for failing to provide information to regulator
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January 12, 2018
Former BHS owner Dominic Chappell has been convicted of failing to provide information that the Pensions Regulator had asked him to supply as part of its investigation into the sale and subsequent collapse of the retailer.
The Weekly Wrap: January 12 edition
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January 12, 2018
A round-up of the pensions news stories published across the FT Group in the past week, from Dominic Chappell being found guilty of neglecting or refusing to provide information to the Pensions Regulator, to the UK government preparing for a collapse of construction business Carillion.
Two North East councils to establish LGPS shared admin service
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January 11, 2018
South Tyneside Council and Northumberland County Council have been working together to establish a shared administration service for the Local Government Pension Scheme, resulting in savings for both.
Third wave of strike action called at Fujitsu
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January 11, 2018
IT giant Fujitsu is set to dismiss a union representative who has previously spoken out against changes made to the company's pension provision, sparking a third wave of strike action by employees.
Pension transfer values rise once more
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January 11, 2018
Year-on-year pension transfer values have grown for the third year in a row, according to research by not-for-profit fintech company Origo.
BBC expands trustee board
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January 10, 2018
The BBC pension scheme has changed the structure of its board, appointing two independent members. The scheme is now recruiting a third independent trustee. The changes take the total number of trustees to 11 from previously nine.
CIDC schemes offer best scheme model, says academic
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January 10, 2018
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
Boyle re-appointed as non-executive chair of TPR
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January 9, 2018
Mark Boyle has been appointed for another three-year term as non-executive chair of the Pensions Regulator, the Department for Work and Pensions has said.