HM Revenue & Customs has made a U-turn on its requirement for occupational pension scheme trustees to register to comply with money laundering regulations.
Revised guidance from the department said the 2007 regulations classify occupational scheme trustees as "low risk trusts" and excludes them from any duty to register. However, law firm Hammonds said some...
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.