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...
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