Five stories you may have missed this week
This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.
Also, PTL managing director Richard Butcher warned of potential jail time for trustees under proposed changes to the Pensions Act. 1) TPR holds back from mandating use of professional trustees...
More on Industry
LawDeb grows pension revenues by 8.3%
Law Debenture posted £11.5m of revenue in its pension business in 2020, growth of 8.3% on the prior year, with its governance service receiving enhanced activity.
Five stories you may have missed this week
This week’s top stories included a legal challenge over the government’s Retail Prices Index realignment, while British Airwards deferred £450m in deficit recovery contributions.
PLSA: Most pension tax reforms will leave things worse and schemes at risk
Most reform options for pension tax will leave many savers with smaller pots and cause substantially more costs for schemes and employers, says the Pensions and Lifetime Savings Association (PLSA).
Scottish Widows adds 289,000 members to build workplace market presence
Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
CMI: Excess deaths beginning to fall
The number of deaths registered in England and Wales for week six of 2021 was 27% higher than expected, down from 52% higher than expected in week five of the new year.
