Significant numbers of trustee boards are failing to sufficiently and proactively monitor their sponsor covenants, Mercer research shows.
The consultant's Trustee Survey - of 119 schemes and more than 800 trustees - found 37% of respondents carried out formal covenant monitoring once a year or less. In terms of communicating with the...
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.