ITS
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 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 stories you may have missed this week
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.
Exclusive: ITS completes management buyout from Mercer
Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.
Carillion moves 4,100 DC members into LifeSight
Carillion has moved the members of three of its defined contribution (DC) schemes into Willis Towers Watson's master trust, LifeSight.
ITS hires new director in London office
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
ITS hires Oldham as client director
Frank Oldham has been appointed as a client director at Independent Trustee Services (ITS) to lead trustee appointments in the South of England.
ITS hires client director to boost Northern reach
Graham Bryant has been appointed as a client director at Independent Trustee Services (ITS) to lead trustee appointments in Manchester and the North of England.
ITS hires new client director in its Birmingham office
Ingrid Everson has been appointed as a client director at Independent Trustee Services (ITS) to lead trustee appointments in the West Midlands.
Can the pensions trust model survive?
Peter Askins says there is a huge gap between what trustees are expected to do and the time and resource available to complete it
Diversity means varied life experiences and challenging culture
Pension trustee boards should comprise of individuals with a range of different life experiences and viewpoints as this will lead to better decision-making, speakers at the Pensions and Lifetime Savings Association's diversity seminar say.
21st century trusteeship: What are we going to do now?
Peter Askins asks how we can improve the diversity of trustee boards.
Independent Trustee Services hires client director
Andrew Turnbull (pictured above) has been hired to lead trustee appointments by Independent Trustee Services (ITS) and will be based in Leeds.
Why we need more female trustees
Peter Askins says we need more diversity on trustee boards.
Trusteeship in the 21st century: A professional trustee's view
Peter Askins looks at how trusteeship could evolve in the coming years.
Why the UK pension system is unsustainable and how it could be fixed
Peter Askins says a simple system of tax credits is the answer
MIRA secures buyout after giving up PPF protection in 'highly unusual' restructuring
MIRA Retirement Benefits Scheme (MIRARBS) has secured a £70m buyout after agreeing to compromise its sponsor's statutory debt as part of a corporate restructuring.
Where are the women on pension trustee boards?
Rachel Dalton looks at the reasons behind the lack of women on trustee boards, and how diversity can improve decision-making
ITS continues expansion with three appointments
Independent Trustee Services (ITS) has expanded its London office with the appointments of Anna King, Chris Thwaites and Danielle Laffey.
Buyout takes MF Global scheme out of PPF assessment
The MF Global UK Pension Fund has left Pension Protection Fund (PPF) assessment after the scheme's trustees secured a £52m buyout with Pension Insurance Corporation (PIC).
InterContinental Hotels agrees £440m all-risk buyout with Rothesay
InterContinental Hotels Group (IHG) has agreed a £440m all-risk buyout for its UK pension plan with Rothesay Life, securing improved benefits for members owing to suitable market conditions.
PPF names trustee advisory panel
The Pensions Protection Fund (PPF) has appointed four firms to its newly created trustee advisory panel.
First Quench trustees secure 'complex' buy-in to avoid PPF
The First Quench Pension Fund has secured a £160m buy-in that will keep the 2,000-member scheme out of the Pension Protection Fund (PPF).
GP Noble fraud lawyers get back 85% of lost £52m
Lawyers and trustees acting to retrieve £52m removed from nine pension funds during the GP Noble fraud have got back 85% of the missing cash.
