Bulk annuity buyout specialist Paternoster is calling for a standardised process to protect trustees from future legal action by members.
Chief executive Mark Wood said without a “formal, defined industry standard process” schemes signing buyout deals might find it hard to justify their decision to dissatisfied members. And he warned...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.