The £4.3bn Lancashire County Council pension fund has become the fourth local government pension scheme this year to hand Northern Trust a custody mandate.
Northern Trust adds Lancashire to its list of clients after winning custody mandates for the £3.2bn Lothian Pension Fund, £1.2bn Dyfed Pension Fund and £739m London Borough of Wandsworth this year....
Lack of consistency across defined contribution (DC) default funds may result in larger numbers of members opting out, Punter Southall has warned.
Fresh thinking is needed to make defined benefit (DB) schemes sustainable in wake of MPs’ damning conclusions on British Home Stores (BHS), according to experts.
This week we want to know if Theresa May’s (pictured above) government is downgrading pensions and if capital adequacy requirements for master trusts could make them insolvent.
The “superficial attractions” of the lifetime ISA (LISA) will “destroy pensions”, former pensions minister Baroness Ros Altmann has warned.