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.
In this week's Pensions Buzz, we want to know if The Pensions Regulator (TPR) is taking the right approach by naming and shaming schemes which breach their auto-enrolment (AE) duties.
Raised over £167,000
There is still time to make your nominations for the PP Women in Pensions Awards 2018. Find out more here…
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.