US - Colorado Public Employees' Retirement Association (PERA) has come out on top of a survey measuring service and costs among international and US pension funds.
PERA, the 25th largest pension plan in the US with assets of $40bn, performed well in terms of call outcomes, call wait times, online capabilities, as well as 100% of pensions being incepted without a cash flow interruption to new retirees.
In addition, its administration costs decreased 3.3% per year during the last three year period. PERA's total adjusted administration cost was $57 per active member and retiree, compared to the peer median cost of $73.
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.