Trustees have been ordered to personally repay £130,000 after being found guilty of a breach of trust.
The pensions ombudsman ruled all trustees of the Greenup and Thompson Limited Pension Scheme, including member-nominated trustees, were liable for a clear breach of trust after authorising an unsecured...
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.