Five stories you might have missed this week
This week's top stories include the regulator issuing its first fines to master trusts over chair statements, and the CovPress scheme's rescue from the PPF in first-of-its-kind action.
1) TPR fines first master trusts for chair's statement failures The Pensions Regulator has reaffirmed its determination to ensure trustees demonstrate good governance by fining four master trust...
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KPMG employer covenant team acquired by private equity firm H.I.G Europe
The restructuring division of KPMG, including its employer covenant team, will be acquired by H.I.G Europe.
Aviva sees record year for pensions net flows and bulk annuities
Aviva secured record net flows of £8.5bn into its saving and retirement products in 2020, while bundled workplace assets under management grew by 14% to £81bn, its annual results reveal.
Six areas of focus will help savers' outcomes
Nigel Peaple sets out the PLSA's focuses for the year ahead.
Spring Budget 2021: Lifetime allowance frozen until 2026
Chancellor Rishi Sunak has confirmed that the pensions lifetime allowance will be frozen at its current rate until 2026.
Tender Watch: Access appoints Minerva for RI review; National LGPS Frameworks launches global custody solution
Professional Pensions rounds up some of the latest tender news from across the industry.
