UK - Six people charged with conspiring to steal £2.9m from the Cheney Pension Scheme are to stand trial at Birmingham Crown Court on September 22.
The defendants have been named as Trevor Farrell, Adrienne Morris, Cassius Powell, Altaf Sayed, Ian Selby and Kevin Sykes.
The Pensions Compensation Board has found the Cheney Pension scheme to have had 94% of its £3.1m fund removed through “improper” circumstances.
It has so far given £230,000 to the trustees of the scheme for the payment of members’ pensions.
The UK must do more to address its ageing demographics, says Mercer, as its global pension index shows the country static in its rankings.
Retirees could benefit from more sustainable income and higher death benefits by including guaranteed income in the asset mix of their portfolios at retirement, according to research by Milliman.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.