The Alliance Trust Companies' Pension Fund has moved further into the black in the first six months of the year after closing to future accrual in the spring.
The scheme's funding position improved from a £0.8m surplus in January to a £2.9m surplus in July. A net actuarial loss of £0.8m was reported after the discount rate used to calculate liabilities was...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".