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....
Businesses are experiencing auto-enrolment data error rates of up to 50%, posing questions over the reliability of pension records, Pensionsync says.
A nationwide survey of committee and local pension board members of the Local Government Pension Scheme has revealed high levels of confidence in all areas of their responsibility.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.