MITSUI Babcock Pension Scheme has appointed Baring Asset Management to manage an £86m segregated multi-asset diversified growth mandate.
The energy supplier was advised on the appointment by HSBC Actuaries and Consultants. The mandate objective is inflation plus 5pc. BAM head of institutional business Richard Graham, said: “This is an...
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers