Trustees who do not do enough to squeeze the fees charged by advisers are not fulfilling their fiduciary duty, says the former Pension Protection Fund (PPF) head of restructuring.
Writing in this week's PP, Richard Favier says trustees are too reluctant to even discuss fees with solicitors, accountants, actuaries, administrators or investment managers. He says the problem is...
DB scheme consolidator Stoneport hopes to get 100 schemes signed up by the end of next year, but employer covenant will be vital, chief executive Richard Jones tells James Phillips.
The outlook for future longevity in the UK has not necessarily worsened as a result of the coronavirus pandemic, Aon says.
Mitchells & Butlers has deferred £13m of deficit recovery contributions (DRCs) after tier four Covid restrictions wreaked havoc across the hospitality sector.
British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.
Jump from 554 in 2019