IRELAND - The Office of the Comptroller and Auditor General (C&AG) has placed out a tender for an actuary to conduct a wide ranging review of the Irish Public Service Pensions.
Speaking to Global Pensions, Malachy Quinn of the C&AG said pensions were very much in the news in the moment and the issue of value for money was felt to be an important one.
He said the review would look at various topics in the public pension sector but was unrelated to the Irish pension green paper, published in October last year.
The review will look at the current accrued pension liability, cash flow, the cost of providing pensions and the adequacy of the currently available information on the pension system.
The review will also examine whether the system could be better managed and where the potential for greater administrative efficiencies would be possible.
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.