Union claims that the Automobile Association pension fund may invest in the private equity firms that own the car breakdown group have been dismissed.
Trade union GMB voiced its concerns after the £1.17bn AA Pension Scheme announced it was to start investing in private capital with a £25m allocation to private equity fund of funds Keyhaven Capital Partners....
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.