The Scheme Advisory Board for Scotland's £42bn 11 local authority funds has proposed merging their liabilities, assets and administration into one or more asset vehicles as part of a major structural review.
It is one of four proposals the board is consulting on after finding the Scottish Local Government Pension Fund faces a number of "significant challenges" including deficits, investment costs, and volatile...
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Fintech workplace savings business Cushon has launched a net-zero pension available now to savers who want to “actively contribute towards slowing climate change”.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Join us on 22-24 June