UK - The William Sutton Trust - one of Britain's largest housing associations - is to transfer members of its £44m scheme to the Social Housing Pension Scheme.
The move adds another 1000 employees to the Pensions Trust-run industry-wide scheme, bringing its total membership to more than 26,000.
The transfer will go some way to countering the five high-profile defections from the SHPS last year (PP Sept 26).
Shaftesbury Housing Group – one of the five to leave – said take-up of the scheme among its 1500 staff was “very low” and associated costs to members too high.
In an effort to boost membership, the Pensions Trust said it is kick-starting a marketing drive to get SHPS members to flag up their membership in their job adverts.
It is hoped the move will not only be a selling point for participating organisations, but will also pressure other associations to join the £600m scheme.
Head of strategic development Callum Walker said: “We’re suggesting our members put our logo on their ads like Investors in People that recognises them as members of the SHPS.”
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.