Pension funds could be ditching responsible investing principles in their relentless hunt to get higher returns from their asset managers, Kas Bank warns.
The custodian said trustees under pressure to reduce scheme deficits and protect member benefits may be turning a blind eye to asset managers who invest in funds which contradict socially responsible principles....
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter