West Midlands Pension Fund set to absorb transport authority fund

Stephanie Baxter
clock • 2 min read

The government is consulting on merging the £0.5bn West Midlands Integrated Transport Authority Pension Fund (WMITAPF) with the £15.7bn West Midlands Pension Fund (WMPF).

It comes on the back of concerns about the future solvency of the smaller scheme, which was set up in 1991 to manage the pensions of local transport workers following the deregulation of bus servic...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Risk Reduction

Record breaking bulk annuity volumes are expected over the coming three years

L&G takes BPA top spot as insurers report 2022 results

Pensions risk transfer totals £44.7bn in 2022 as market gears up for growth acceleration

Jonathan Stapleton
clock 21 March 2023 • 5 min read
Chapelthorpe scheme completes £34m buy-in

Chapelthorpe scheme completes £34m buy-in

The deal with Aviva secures the benefits of the remaining uninsured scheme members

Holly Roach
clock 21 March 2023 • 1 min read
Hymans Robertson head of risk transfer James Mullins

Risk transfer volumes reached £27.9bn in 2022

Hymans Robertson research finds bulk annuity market could exceed £50bn this year

Jasmine Urquhart
clock 21 March 2023 • 2 min read
Trustpilot