PP senior features writer Andrew Short talks to Helen James, independent trustee at Law Debenture UK, Jay Shah, co-head of business origination at Pension Insurance Corporation, and Roderick Morton, partner at Herbert Smith, about the role of the trustee in protecting member interests.
AS: What are the trustees’ fiduciary duties to a scheme in deficit when continuing to pay full pensions can reasonably be expected to increase the deficit over time? HJ: The trustees – with the help...
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.
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.
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’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.
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.