Sports Direct is facing mounting pressure to launch an independent review of how it is run by some of the UK’s largest institutional investors.
House builder Persimmon’s defined benefit (DB) scheme has fallen into a funding deficit after liabilities climbed £73.4m in twelve months.
Kames Capital has appointed David Ennett and Phil Milburn to lead its high yield bond team.
The biggest stories on PP this week include an ombudsman ruling in favour of Standard Life and a PP survey revealing the industry does not think climate change is a financially material risk.
JLT Employee Benefits has hired Tony Pike as head of sales in its investment consulting business.
The Local Authority Pension Fund Forum (LAPFF) has called for an independent review of Sports Direct’s human capital management strategy.
Wendy Mayall who is the former chief investment officer (CIO) of Unilever’s pension fund has been made a non-executive director at Phoenix Group.
The Pension Protection Fund (PPF) has issued a reminder to trustees and advisers to apply to the Financial Assistance Scheme (FAS).
Three out of ten people are using the pension freedoms to put extra cash in bank accounts due to concerns about the economy, according to Citizens Advice.
Industry does not take climate risk to heart in its investment decisions, PP research reveals.
Asset managers should be held to account on environmental, governance and social (ESG) issues by trustees according to Will Oulton.
Punter Southall has promoted Sarah Brown and Wendy Fitzpatrick to principals.
Costain Group’s defined benefit (DB) scheme deficit has risen by £16.9m in one year, according to its interim report.
Allowing struggling defined benefit (DB) schemes to temporarily stop paying pension increases could help them get back on track while avoiding huge cuts to members’ pensions.
Demand for buy-ins is set to triple over the next decade as more defined benefit (DB) schemes look to offload their liabilities to insurers.
The local government pension scheme (LGPS) pools have come under fire for not including member representation on governance boards to oversee the radical changes.
Neil Woodford has decided to permanently abolish staff bonuses at his firm Woodford Investment Management as he believes they can "distort behaviour".
It is important not to assume the size of a master trust is an automatic indicator of how well governed it is, according to Duncan Howorth.
Industry officials have called for asset manager reward systems to be axed in favour of higher flat salaries, in order to discourage short-termism.
Nicola Fox has joined T. Rowe Price as a consultant relations manager.
The trustee of the Pilkington Superannuation Scheme has entered a £230m buy-in with the Pension Insurance Corporation (PIC).
Aries Insight has named Dave King as pensions technical consultant.
The Pension Ombudsman (PO) has cleared Standard Life of misleading a customer about the value of his retirement pot, after he accidentally exceeded his lifetime allowance.
Troy Clutterbuck has been appointed chief financial officer (CFO) at NOW: Pensions.