DUNDEE City Council is calling for new legislation that will allow its pension scheme to drop tobacco stocks on ethical grounds.
Scotland has banned smoking in public places but legal experts have warned councillors their fiduciary duty as trustees prevents the sale of assets for any reason other than sound investment decisions....
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.