Aviva Pension Trustees UK and Aviva Wrap UK have been fined £8,246,800 for failing to have adequate controls and oversight of its outsourced providers.
In a statement today the Financial Conduct Authority revealed the two Aviva entities had broken rules in the Client Assets Sourcebook (CASS) which protect client money and custody assets if a firm becomes...
BT may allow the trustees of its pension schemes to take over some of its assets in the case it fails to meets its pension obligations, the firm has suggested.
In the latest of PP's Pensions Influencers interview series, Jonathan Stapleton speaks to Ian McKnight, chief investment officer of the Royal Mail Pension Plan
This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.
The 3i Group Pension Plan has completed a £200m buy-in with Pension Insurance Corporation (PIC), its first insurance policy so far.