UK - Bernett Waddingham has been appointed to manage three defined benefit pension schemes for Renold, the world's largest chain manufacturer.
Barnett Waddingham won the appointment despite failing to show up for the presentation at Renold’s Manchester offices after being caught in a traffic jam.
A meeting was re-scheduled for the following week after which trustees confirmed the deal.
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.