UK - The East London borough of Barking and Dagenham's council is tendering for the provision of pension fund investment and actuarial advice services.
The contract which is currently held by Hymans Robertson covers 5,253 of the council’s present 8,500 employees.
The contract is currently worth £180,000 over three years before VAT, but as the councils is seeking to cut costs, the new contract would only net the winner £120,000.
A spokesman for the council said the Hymans Robertson contract had expired and the council was duty-bound to put the contract out to tender.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.