Local government pension schemes are using flawed discount rates in their latest triennial valuations to "grossly understate" their liabilities, an independent consultant says.
John Ralfe, former head of corporate finance at the £2.4bn Boots Pension Fund, attacked local authority schemes for using “very misleading” discount rates to calculate liabilities and argued they should...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.