More than a quarter of trustees have increased the frequency of covenant reviews to more than one a year as the risk of corporate failure grows, Mercer says.
The consultant said the research showed trustees were taking a more pro-active and in-depth approach to sponsor covenant reviews. It also said employers have, generally, agreed to stronger technical...
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.