High frequency trading of pension fund investments is reducing the value of scheme members' pensions, the Railways Pension Trustee Company chief executive says.
Chris Hitchen, who also heads up the Railways Pension Scheme investment and administration division RPMI, said profits made from the high turnover of equities by asset managers came from the pension benefits...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point