The 3i Group Pension Plan has completed a £200m buy-in with Pension Insurance Corporation (PIC), its first insurance policy so far.
The deal insures around 40% of the private equity firm's defined benefit (DB) scheme's liabilities for pensions in payment, and means the scheme is now 20% insured overall. The scheme has also been reducing...
Unison has passed a motion that says it will seek to divest the Local Government Pension Scheme (LGPS) from fossil fuels over the next five years.
Existing methods of tracking fund performance are not suitable for environmental, social and governance (ESG) issues, First State Investments has said.
This week's top stories were a ransomware attack on TPR, and the new pensions minister being urged to tackle outstanding policy issues.
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.