UK - Shipping underwriter A. Bilborough has appointed Jagger & Associates as an investment adviser to its £13m pension scheme.
The scheme has also appointed Legal & General Investment Management to work alongside Standard Life Investments to manage its assets.
Jagger & Associates director Simon Jagger said the poor performance of the equities market and the scheme’s maturing profile moved Bilborough to take on a specialist investment adviser.
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