Sponsor and trustees now assessing transferring the scheme to a third party
Sudden decline of ‘Magnificent Seven’ could see funding levels drop by as much as 11%
Group says move is a material acceleration of its diversification strategy
Schemes can invest in the fund through TPTIM’s fiduciary management service
Initiative may help trace many of those unreachable by standard tracing services
Calls to enable more active ownership of UK shares and to increase AE minimums
Growth in bank’s insurance arm partly driven by strong performance in workplace pensions
Triennial funding valuation at 31 March 2024 reveals funding ratio of 104%
Move will bring UK in line with international markets and come into force from 2027
SECOR’s 40-plus team will join Mercer once the deal completes