Pension schemes are starting to expand their risk management practices to include non-financial, operational and strategic risks, Aon consulting claims.
The firm said companies and trustees have traditionally focused on the financial risks of a pension scheme in isolation to the wider operational risks they face. Aon said it has been discussing with...
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Robin Ellison says it is not unreasonable for schemes and their trustees and sponsors also to expect an improvement in the tone of regulation
The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
Insurers are set to face a "flood of requests" from pension schemes for buy-in contracts to be restructured to allow for guaranteed minimum pension (GMP) equalisation, Aon warns.