Independent Trustee Services
Mercer launches DB master trust as scheme pressures grow
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.
Marathon Service scheme agrees £610m full buy-in with Rothesay Life
The Marathon Service (GB) Limited Pension and Life Assurance Scheme has completed a £610m full buy-in with Rothesay Life, covering the benefits of more than 1,400 members.
Countrywide Farmers scheme completes £100m PPF+ buy-in with L&G
The Countrywide Farmers Retirement Benefits has secured a £100m buy-in with Legal & General, insuring members’ benefits above Pension Protection Fund (PPF) compensation levels.
Embedding ESG can't end with equities
Amid the economic fallout from Covid-19, ESG issues have never been more relevant, says Tegs Harding.
PPF names 11 firms to trustee and support services panel
The Pension Protection Fund (PPF) has launched an advisory panel to support trustees of schemes whose sponsoring employer is stressed or distressed.
Co-op agrees £350m buy-in with Aviva
The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
Chris Martin: Where next for Independent Trustee Services?
Chris Martin speaks to James Phillips about Independent Trustee Services’ plans since its management buyout and his experience working with stressed and distressed schemes.
PIC insures £400m of liabilities in Co-op's third buy-in of 2020
The Co-operative Pension Scheme (Pace) has agreed its third buy-in this year, insuring £400m of liabilities in the Co-operative Bank section of the scheme with Pension Insurance Corporation (PIC).
Co-op scheme agrees £1bn buy-in with PIC
The Co-operative Pension Scheme (Pace) has agreed a £1bn buy-in with Pension Insurance Corporation (PIC), insuring benefits for around 7,000 members.
Co-op scheme completes £1bn buy-in with Aviva
The Co-operative Pension Scheme, known as Pace, has completed a £1bn buy-in with Aviva in the first announced bulk annuity deal of 2020.
Five pitfalls to great trustee decision-making
Rachel Croft says over- or under-confidence and not being decision-ready are just some of the things that get in the way
Exclusive: ITS completes management buyout from Mercer
Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.
Co-op enters £425m buy-in in PIC's first deal of 2019
The Co-operative Group's Somerfield Pension Scheme has completed a buy-in with Pension Insurance Corporation (PIC), insuring the benefits of its pensioner members.
Why we need to pay more for pensions administration
Peter Askins says the industry needs to recognise that if administration standards are to be maintained and improved, this will come at a cost
Exclusive: Alan Pickering appointed chair of Clara trustee board
Defined benefit (DB) consolidator Clara has named Alan Pickering as the inaugural chairman of its trustee board as it prepares for its first transaction.
New BHS scheme completes £800m buyout with PIC
Approximately 9,000 members who transferred to the BHS2 Pension Scheme last year have had their benefits fully insured through a buyout with Pension Insurance Corporation (PIC).
We need to get better at explaining what trustees do
Peter Askins says it is important to communicate the role of trustee to members in a way they can understand
Man arrested as TPR launches probe of schemes suspected of links to cold-calling
A man has been arrested on suspicion of fraud after The Pensions Regulator (TPR) and the police launched an investigation over concerns savers were lured into poorly-run pension schemes.
Five stories you may have missed this week
This week's top stories included research revealing schemes could be paying 70% more to investment managers than at the beginning of the decade.
Five stories you might have missed this week
This week's top stories include the regulator issuing its first fines to master trusts over chair statements, and the CovPress scheme's rescue from the PPF in first-of-its-kind action.
Capital Cranfield hires client director
Capital Cranfield Trustees has appointed Martine Trouard-Riolle as client director of its London office.
Should timing of valuations be based on scheme health?
TPR has called for the time between actuarial valuations to be based on a scheme's health, but is this a good idea? James Phillips asks trustees what they think
Are DB schemes 'throttling' younger workers' savings?
The liabilities of DB schemes are often seen as a burden on younger savers, but is this really the case? James Phillips explores the arguments
Risks to DB benefits 'should be communicated' to members
Defined benefit (DB) scheme members need to be made more aware of the risks to their benefits according to the Pensions and Lifetime Savings Association's Ashok Gupta.
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