Trustees are taking out increasing volumes of liability insurance as they face a growing number of claims relating to inaccurate data says the Occupational Pensions Defence Union.
The trustee insurance group said the value of assets held by members had risen 50% in recent years to £180bn across 775 schemes. Speaking at OPDU's annual meeting, chairman Peter Murray said trustees...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.