Esther McVey, member of parliament for Tatton, has been appointed as the secretary of state for work and pensions.
Prospect members vote in favour of new BT pension deal
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January 8, 2018
BT staff represented by union Prospect have agreed to a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
Welsh pension pool appoints investment adviser and operator
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January 8, 2018
The Wales Pension Partnership has appointed Russell Investments for investment management and investment advisory services and Link Asset Services as an operator to establish and run a collective investment vehicle.
Companies reduce scheme deficits by £8bn
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January 5, 2018
The combined pension deficit of FTSE 350 companies improved by £8bn over 2017, while assets went up more than £44bn to £781bn, a pensions consultancy said.
PTL launches transaction cost service
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January 5, 2018
Professional trustee company PTL said it has launched a service for asset managers aimed to help their clients assess investment transaction costs.
Shadow pensions minister resigns
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January 5, 2018
Shadow pensions minister Alex Cunningham has resigned from his post.
The Weekly Wrap: January 5 edition
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January 5, 2018
A round-up of the pensions news stories published across the FT Group this week, from a Kentucky showdown over poor returns, to 'fat cat Thursday' and the issue of executive pay.
Funding levels up as FTSE 100 companies cut back DB
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January 2, 2018
The UK’s blue chip companies have cut back their defined benefit servicing costs by around 15 per cent over 2017, analysis by JLT Employee Benefits has found, while funding levels continue their painstaking recovery.
Toys R Us wins PPF backing for CVA
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December 21, 2017
The Pension Protection Fund said on Thursday it would vote in favour of proposals for a company voluntary arrangement made by struggling retailer Toys R Us. The creditor vote has since taken place.
PPF appoints Oliver Morley as chief executive
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December 21, 2017
The Pension Protection Fund has said it is appointing Oliver Morley CBE as chief executive, taking over from Alan Rubenstein. Morley will officially start on March 19 2018.