UK growth slumped to just 0.3% in the first quarter of the year, the slowest since 2012, as the construction sector disappointed.
The Office for National Statistics' (ONS) initial estimate of Q1 UK GDP , encompassing 40% of the relevant data, found growth halved to 0.3% from 0.6% in Q4, well below the level of 0.5% forecast by analysts....
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".