UK - Mellon Financial Corporation has acquired pension scheme member communication firm, Talking People.
The UK internal communications firm – which facilitates employees’ understanding of their employment, compensation, benefits and retirement provisions – will be integrated into Mellon’s human resources and investor solutions business.
TP has an estimated 11% UK market share in outsourced reward communication, with more than a quarter of the UK’s FTSE100 clients including Barclays, BP and Lloyds TSB.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.