The Department for Communities and Local Government (DCLG) has launched a consultation on draft governance regulations for the 2014 Local Government Pension Scheme (LGPS).
It comes in the wake of the Public Services Pensions Act 2013, which required DCLG to establish a national scheme advisory board, and to allow each LGPS administering authority to establish local pension...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.