Five stories you may have missed this week
This week’s top stories included the selection of BlackRock as fiduciary manager for the £4bn legacy Electricity Supply Pension Scheme.
Also, National Grid sealed its second buy-in deal of the year, and The People's Pension confirmed technical issues were holding back fee cuts for members.
1) UK Power Networks appoints BlackRock for £4bn fiduciary brief
BlackRock has been appointed as the fiduciary manager for the UK Power Networks Group of the Electricity Supply Pension Scheme.
2) National Grid agrees to £1.6bn buy-in with L&G in second deal this year
The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General.
3) The People's Pension delays plans to cut fees for 4.7 million members
The People's Pension's plans to overhaul its charging structure have been delayed following system testing issues.
4) Conservatives commit to review of taper and net pay issues
The Conservative party will hold reviews of the tapered annual allowance and net-pay schemes if it is elected back into government, it has said.
5) TPR published guidance on fiduciary manager selection
The Pensions Regulator has published guidance detailing how schemes that use fiduciary managers should run a competitive tender process when appointing a manager.
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