Around eight in ten pension professionals believe good scheme governance cuts long-term costs, despite governance practices themselves becoming more expensive, according to a report from eShare.
However, 63% of people admitted costs associated with governance, risk and compliance have increased. The survey included responses from trustees, actuaries and pensions managers. Some 90% said governance,...
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Caroline Rookes CBE and Michele Hirons-Wood have joined The Pension Superfund's board of trustees to focus on maintaining governance standards and safeguarding member benefits.
The first specialist independent firm advising pension schemes on bulk annuities or moving to a consolidator has been set up with ambitions to shake up the market.