As the Covid-19 crisis unfolds, there could be a worrying governance and democratic deficit in some local authority pension schemes, with only 27 per cent of councils having virtual pension committee meetings.
Latest articles from Stephanie Hawthorne
As the Covid-19 crisis unfolds, there could be a worrying governance and democratic deficit in some local authority pension schemes, with only 27 per cent of councils having virtual pension committee meetings.
Fiduciary managers with heavily equity-based portfolios suffered the heaviest losses in the first quarter of 2020, as the wide variation in strategies continues to provoke discussion about the right level of growth portfolio diversification.
A pension legend, Malcolm McLean has just stepped down as a senior consultant with Barnett Waddingham. He has received countless gongs, culminating in an OBE and two awards for outstanding achievement, but as a modest man he does not trumpet such fripperies.
Overinflated estimates of UK economic performance could strain the affordability of unfunded public sector pensions, according to new estimates, with the government forced to weigh the continued security of public sector workers’ retirement against a £150bn tax burden on future generations.
Analysis: Experts say section 75 debts and flexible apportionment agreements, one of the most complex areas of pensions law, is crying out for change.
Defined benefit trustees linked to struggling employers face tough decisions about whether to tip their sponsors into insolvency or increase their burden on the Pension Protection Fund amid the onset of a global recession, in what experts have called a regulatory grey area.
Premier Foods, maker of Mr Kipling cakes, has reached a groundbreaking agreement to merge its RHM, Premier Foods and Premier Grocery Products pension schemes, a move that the company estimates could save it as much as £145m in contributions.
Andrew Warwick-Thompson has been at centre of the pensions industry since 1986, in a variety of top jobs including leading roles at the Pensions Regulator and in the Local Government Pension Scheme, and is now clutching his first non-executive role as chair of the Scottish Widows Master Trust.
Newspaper publisher News UK is collaborating with Scottish Widows on the testing of a new member app, as the pensions industry counts the cost of its failed attempts to boost engagement.
Lawyers have cautioned employers to keep their members fully informed of any pension benefit changes, after the Pensions Ombudsman awarded a Police Scotland employee £2,000.
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