Schroders has has completed the on-boarding of £75bn Scottish Widows and Lloyds insurance wealth-related assets after the strategic announcement of the two groups in 2018.
The transfer of assets, which the companies claimed to be the largest shift undertaken in the UK, was completed through seven tranches between September 2019 and March 2020. The mandates are made up...
This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.
Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.
Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.