The £5.3bn Co-operative pension scheme has reappointed BNY Mellon Asset Servicing as its sole custodian.
The firm will provide the Co-op Group Pension (Average Career Earnings) Scheme with global custody, investment accounting and related services. Co-operative group finance and risk controller Mike Thorpe...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter