Lloyds Banking Group has outsourced the administration, actuarial and documentation services it provides to its Scottish Widows and Clerical Medical final salary pension clients to JLT Benefit Solutions.
The services to be outsourced are part of Lloyds Banking Group's final salary services business, which has offered an end-to-end service for smaller schemes - bundling actuarial, documentation and administration...
This week's top stories include ITS' management buyout from Mercer, and The Pensions Regulator launching a probe into single-employer defined contribution schemes' default funds.
People retiring in the UK will on average outlive their pension savings by 10 years, according to research by the World Economic Forum (WEF).
Steps to improve auto-enrolment are uncontroversial and obvious, but the government is dawdling on introducing the necessary changes, argues Jack Jones.
Professional trustees will be expected to apply for accreditation as part of a framework intended to be launched on 1 July by the Professional Trustee Standards Working Group (PTSWG).