There is a changing dynamic within occupational pension provision. A growing number of companies, it seems, are no longer prepared to leave their schemes' destiny solely in the hands of trustee boards but are bringing in their own experts to devise funding strategies.
It is, of course, no surprise that sponsors should be concerned about how their schemes are performing. The introduction of accounting standard FRS17 – which requires firms to show scheme liabilities...
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.