Norfolk County Council has appointed three firms to manage the administration and software provisions for its pension scheme.
Pension services providers Aquila Heywood, Equiniti, and Civica have been jointly awarded the work under a multi-provider framework agreement.
The £300m procurement will also see the fund management services available to a range of Local Government Pension Scheme (LGPS) administrating authorities including LGPS Scotland, along with the Firefighters' Pension Scheme and police pension schemes.
The contract - which was agreed on 23 April and announced last Thursday (27 August) - is for a period of four years.
In this latest Pensions Buzz, we want to know whether you agree with calls for flat-fee structures to be scrapped on low-value defined contribution pension pots.
The average size of a transfer from a defined benefit (DB) pension scheme in the last quarter reached £556,000, according to research by Lane Clark & Peacock (LCP).
This week’s top stories include the Universities Superannuation Scheme’s announcement of a delay to its valuation for 2020, while the government consulted on a proposal to force the largest schemes to publish their climate risk disclosures.
Three quarters of pension schemes believe they will be ready to join the pensions dashboard if they have two years to prepare, the Pensions and Lifetime Savings Association (PLSA) finds.
Complaints filed with ActionFraud show a total of £30.8m has been lost to pension scammers in the last three years, say The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).