Guinness Peat forks out 'stunning' £18m to defend against probe by watchdog
Guinness Peat Group (GPG) is set to spend around £18m on legal advice and fees over a two-year period, in its defence against action by The Pensions Regulator (TPR).
Its 2014 half-year financial report showed approximately £10m was spent on advice for the pensions probe in 2013, with a further £8m put aside for anticipated costs this year. Pension lawyers have expressed...
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The Universities Superannuation Scheme (USS) trustee board has warned investment returns will be lower in the future than expected as it edges closer to concluding its 2020 valuation.
Pension transfer values end volatile year 8% up; Scam 'red flags' at record high
Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.
TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
