The Local Government Pension Scheme's (LGPS) 89 funds will be pooled into six British wealth funds to invest billions in infrastructure, the Chancellor has revealed.
Speaking at the Conservative Party annual conference this morning, George Osborne said the move would save "hundreds of millions in costs" and that the wealth funds would invest in regional infrastructure....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers