Seven Local Government Pension Scheme funds with £9.9bn under management want to establish a framework contract to share actuarial, benefit and investment services to cut costs.
The framework will see actuarial, benefits and investment services shared by the group in the South West, including the Environment Agency and six other LGPS funds. Individual schemes will remain separate...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.