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....
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.