GLOBAL - Standard Life Investments UK has outlined what could happen to oil prices in the event of a war in Iraq.
SLI chief investment officer Keith Skeoch said: “The central assumption among investors is that oil follows a similar pattern to that seen during the 1991 Gulf War, when prices picked up in the weeks leading up to the initial air strikes, before falling sharply as the Allied campaign progressed quickly and smoothly.”
But he warned: “The key issue would be not how high prices might reach, but for how long oil supplies might be actually disrupted.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers