OVER 40pc of housing associations in the multi-employer Social Housing Pension Scheme will slash benefits for new employees following a scheme review, The Pensions Trust reveals.
The administrator of the SHPS said even though 99.2pc of scheme employers said they would retain defined benefit arrangements for new employees after a raft of scheme changes are implemented in April,...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.