UK pension funds should sue BP for billions of pounds in compensation through the Texas courts for negligence in the run-up to the Deepwater Horizon oil spill, a US law firm argues.
The explosion at the oil rig in the Gulf of Mexico on April 20, 2010 caused an environmental disaster that prompted BP's stock price to plummet nearly 50% within a matter of weeks, in turn wiping billions...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.