Pension schemes should be legally obliged to perform due diligence before appointing a fiduciary manager, consultants say.
Muse Advisory and law firm Wragge & Co have warned that trustees potentially face serious conflict of interest issues if they fail to do so. Muse Advisory director Mark Hodgkinson said: "Over the last...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.