Trustees must be "extra careful" about how much they pay for longevity swaps, Trustee GAAPS says.
The trustee search and selection firm said trustees would also have to be cautious about the covenant strength of the counterparty to any swap. The warning comes just days after Babcock International...
An unnamed London-based employer has been hit with a £350,000 fine from The Pensions Regulator (TPR) for failing to fully comply with its pension duties.
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.