Trustees of schemes hit by the drop in value of Standard Life's Pension Sterling Fund have approached their legal advisers after member complaints.
Around 97,000 investors were affected when the life and pensions firm wrote off 5% of the £2.4bn fund - around £100m - due to investments in asset backed securities. Sacker & Partners partner Kat...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date