UK - Eversheds has been appointed as the legal adviser to the trustees of the British Airways pension schemes.
The combined defined benefit pension schemes have assets in excess of £9bn and around 100,000 members.
The outgoing legal adviser, Macfarlanes, commented: “Eversheds won the tender after a hard fight against nine leading pensions firms, including Macfarlanes.”
Macfarlanes partner Hugh Arthur said: “After working for the trustees for over 13 years now – the longest serving legal adviser in the schemes’ 55-year history – I regard myself as having been fortunate to have had that role over such a long period.”
Royal London has announced that group chief executive Phil Loney has decided to stand down by the end of 2019.
Crashing out of the European Union without a deal could cause a 37% increase in the aggregate buyout deficit for defined benefit (DB) schemes, says Cardano.
Brunel Pension Partnership has launched its authorised contractual scheme (ACS) and first sub-fund managing around £1.6bn of UK equities.
NEST's director of business development Helen Dowsey speaks to James Phillips about communications, sidecar savings, and retirement products.