Guarantees from scheme sponsor parents used as contingent assets could be worthless unless they are monitored regularly by trustees, lawyers warn.
Sacker & Partners partner Chris Close said trustees who accepted a pledge of support from a sponsor’s overseas parent must regularly monitor the guarantee in case the parent’s financial health deteriorates....
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.
In this week's Pensions Buzz, we want to know whether bosses should have to pay into the same staff DB scheme as their workers rather than their own executive pension fund.