Michelle McGregor Smith has announced her intention to retire from British Airways Pensions Investment Management (BAPIM) after over three decades working with the schemes.
She will step down as chief executive on 30 August 2019, 14 years after she took up the position, with the asset management arm now seeking a senior investment professional. She had started at the firm...
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