Universities Superannuation Scheme (USS) has sold 40% of its shareholding in Moto Group to funds advised by CVC Capital Partners (CVC) after acquiring the company just two months ago.
This move means that CVC and USS will invest as partners in the UK's largest motorway service station operator. USS took 100% ownership of Moto in October as the scheme sought to build out its direct...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter