Merseyside and North Yorkshire to sue RBS
Two major local authority schemes have started legal action against Royal Bank of Scotland, alleging it made "materially false and misleading" statements about its financial health.
The £4.3bn Merseyside Pension Fund and £1.2bn North Yorkshire Pension Fund will act as lead plaintiffs in the class action law suit against the bank. The schemes are seeking damages for losses incurred...
More on Defined Benefit
Latest stories
PTL bolsters Midlands presence with client director hire
PTL has appointed Karein Davie as a client director in its Birmingham office.
LDI activity rebounds in Q2 after subdued Q1; LIBOR to SONIA switching driving activity
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
Inflation sees first rise since November to 2.5%
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
Proportion of DB schemes targeting buyout trebles in past five years
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.