Devon County Council pension fund has signed up to a class action monitoring service provided by a US law firm in a bid to recoup funds lost through corporate fraud.
The £2.4bn fund will use the services of Barrack, Rodos & Bacine, which monitors all class action claims in the US, to see if it can recover money through securities litigation. Devon will consider acting...
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.