The legal definition of fiduciary duty must be changed to halt “dysfunctional” interpretations by trustees, FairPensions argues.
The responsible investment group argues trustees' fiduciary duty to act in members' interests has been routinely misunderstood to mean ‘the duty to maximise returns'. The report claims this leads pension...
Stephen McGee has been appointed chief financial officer (CFO) of Aegon UK effective immediately.
The government has rejected the accusation it gave advice to former workers at the UK Atomic Energy Agency when it was privatised two decades ago.
The Smiths Industries Pension Scheme has concluded a £250m buy-in with Pension Insurance Corporation (PIC).
Jonathan Stapleton looks at research from Llewellyn Consulting, which analyses the impact of DB liabilities on the share price of FTSE100 firms.