West Midlands Pension Fund set to absorb transport authority fund
The government is consulting on merging the £0.5bn West Midlands Integrated Transport Authority Pension Fund (WMITAPF) with the £15.7bn West Midlands Pension Fund (WMPF).
It comes on the back of concerns about the future solvency of the smaller scheme, which was set up in 1991 to manage the pensions of local transport workers following the deregulation of bus services in...
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