In a trial of Western Union’s Global Existence Transaction service, the London Pension Fund Authority (LPFA) has saved the equivalent of 5% of the fund's used in the pilot.
The service helps schemes check the identities of members living overseas, which funds must do each year. LPFA tried the service in 2013, and found some pensioners who participated had changed address....
The Work and Pensions Committee (WPC) is launching a probe into the long term viability of the UK’s 6,000 defined benefit (DB) schemes.
The government has published proposals to keep the British Steel Pension Scheme out of the PPF while reducing its liabilities to make Tata Steel UK more attractive to buyers. Stephanie Baxter explores the options.
More than a quarter of savers (28%) have never reviewed their retirement savings, according to figures from Aviva.
Eversheds has been appointed to provide legal advice to the trustee of the P&O Pension Scheme, with effect from May 2016.