ROYAL Mail Pension Plan is consolidating the custody of all its segregated assets - £2.2bn - with JPMorgan Worldwide Securities Services.
The firm has acted as a global custodian for the £22bn scheme since 1999. JPM WSS head of relationship management in Europe, Middle East and Africa Richard Warne said: “We were delighted a valued client...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.