Plumbing Pensions appoints firm as UK OCIO for £1.2bn scheme
Trustees accused of promoting the fund despite mounting problems with orphan liabilities
The Plumbing and Mechanical Services (UK) Industry Pension Scheme was 99% funded on a low-dependency basis, a valuation conducted amid economic turmoil has confirmed.
Plumbing Pensions faces a watershed moment after a governance review and strong valuation, says trustee chairman Jon Bridger.