The trustees of the Polestar Pension Scheme are set to wind up the fund after The Pensions Regulator advised continuation would not be in the interest of members.
The move comes after the regulator allowed the separation of the Polestar scheme from its sponsor in 2006 in exchange for a promise to pay £45m over a period of 12 years. However, in the intervening...
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.