Investment

Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.

GMB will ballot utility workers for strike action on the 21 September in a dispute with Northumbrian Water over proposals to axe the final salary scheme.

The Pensions Infrastructure Platform (PiP) has confirmed its involvement in the Thames Tideway Tunnel project after securing over £370m of investment commitments from UK pension schemes.

The CFA Society of the UK has announced four new fellows in recognition of their service to both the professional body and the wider investment profession.

The increasing cost of servicing its £1.2bn pension shortfall helped push pre-tax profits at John Lewis down over a quarter in the first half of the year.

Age Partnership has launched a service to gather member information for schemes exploring a medically underwritten bulk annuity deal.

The trustee of the £120m Shop Direct Group Pension Plan has chosen Towers Watson to manage its investment portfolio on a fiduciary management basis.

Anna Rogers - the former Mayer Brown partner who co-founded ARC Pensions in June - hopes her new boutique pensions law firm will expand to 20 lawyers.

Better comms could ensure the £20bn spent on DB each year isn’t wasted

We have seen major volatility in world stock markets in recent weeks. Karen Heaven highlights the key questions schemes need to ask.