UK - The London Boroughs of Hounslow and Barnet have issued contract notices for third party administration services and independent pension fund advisers respectively.
The £460m Hounslow Pension Fund has invited tenders for administration service providers. The winning bidder will be required to provide a full range of administrative services, including the preparation of annual benefit statements and end of year processing. The contract, when awarded, will run for 144 months.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers