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...
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The Pensions Regulator (TPR) has ordered a firm to pay back more than £700,000 of pension contributions after it miscalculated the amounts due for more than a year.
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