Round up - July 30
Rout hits pension surplus; Buyout debt threatening economy; Osmond to meet Resolution rivals; Overseas investors look to UK funds
Rout hits pension surplus Financial Times (p4) Last week’s four-day rout in stock and bond markets eliminated half the accumulated surplus in pension schemes run by FTSE 100 companies that has been built...
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Royal London's new group pension sales fall 30%
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Exclusive: Now Pensions making 'huge progress' to rectify admin issues
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Airways Pension Scheme defers appeal decision to September
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant pleads guilty to lying to TPR about meeting AE duties
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.