The Pensions Regulator has issued a draft improvement notice to the London Borough of Barnet to tackle deficiencies in the pension fund’s administration processes and controls.
Doctors follow firefighters and judges with planned legal action
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July 9, 2019
On the go: The British Medical Association is planning to take legal action against the government on behalf of a group of younger doctors regarding alleged age discrimination as a result of transitional protection arrangements.
Does proposed professional trustee rule spell the end for lay trustees?
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July 5, 2019
The Pensions Regulator is considering whether an accredited professional trustee should sit on every board, but what could this mean for the future of lay trustees?
Smiths Industries completes £176m bulk annuity transaction
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July 3, 2019
On the go: The £3bn Smiths Industries Pension Scheme has completed a £176m bulk annuity with Canada Life – its second transaction of this kind with the insurer.
US industrial giant completes sectionalised merger of UK schemes
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July 2, 2019
US conglomerate Honeywell has gone ahead with proposals to merge three of its UK defined benefit schemes on a sectionalised basis, in a bid to lower costs and streamline governance.
Supreme Court denies govt leave to appeal in firefighters' pension case
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June 27, 2019
On the go: The Supreme Court has denied the government’s application for permission to appeal a Court of Appeal ruling that pension changes discriminated against younger members of the Firefighters' Pension Scheme.
BMA launches legal challenge over new NHS scheme suspension rules
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June 27, 2019
The British Medical Association has issued legal proceedings against the government, challenging recent changes that enable the suspension of benefit payments when a National Health Service Pension Scheme member has been charged with certain criminal offences.
Hammersmith and Fulham fund moves to buy-and-maintain strategy
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June 26, 2019
The London Borough of Hammersmith and Fulham Pension Fund has allocated £85m to a new buy-and-maintain mandate aiming for steady market-based returns.
Admin oversight at Aviva delays new default at General Medical Council
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June 20, 2019
The General Medical Council Group Personal Pension Plan has put in place its new default investment option for members more than a year after the intended implementation date, after an administrative oversight at Aviva led to delays.
Investors push for greater disclosure on environmental impact
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June 18, 2019
On the go: Eighty-eight investors have come together to target hundreds of companies across 46 countries for not reporting their climate change, deforestation and water security data.