Local Government Pension Scheme reforms are in disarray after union bosses withdrew their agreement following a last minute policy shift by government on employer contribution rates.
Hopes for a settlement - widely touted in a statement by Treasury Chief Secretary Danny Alexander yesterday - were scuppered after Department for Communities and Local Government minister Eric Pickles...
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".