Moody's downgrade of the UK economy could impact liability driven investment contracts and scheme discount rates, consultants warn.
Redington head of manager research Pete Drewienkiewicz said gilts may be ruled out of some LDI contracts which demand AAA-rated collateral. He said: "We have seen some banks insert ‘AAA-only' clauses...
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.