Lloyds
Smart restructures; new CEO and MD appointed
Formerly UK-centric Smart will launch in three new territories next year as part of an expansion following the close of its most recent funding round.
Equalising historic transfers
Rebecca Morgan looks at the data issues surrounding transfers out and GMP equalisation
When and how to correct benefits
There are many reasons why trustees may need to complete a benefit rectification exercise. Faye Jarvis explores the key considerations in these instances.
From the Barber judgment to needing a barber
30 years after the infamous Barber judgment, Tom Yorath looks at how the GMP equalisation problem has progressed against advances in technology
Five stories you may have missed this week
This week’s top stories included Lloyds agreeing a £10bn longevity swap with Pacific Life Re for three of its pension schemes, and the Co-operative Pension Scheme completing a £1bn buy-in with Aviva.
Lloyds to pay SLA £140m in compensation over termination of Scottish Widows mandate
Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement for Scottish Widows worth over £100bn.
GMP equalisation to 'cost half as much as expected'
The cost of equalising guaranteed minimum pensions (GMPs) has been revised down by around £7bn, nearly half that of an initial £15bn estimate.
The pension court cases to watch in 2019
A groundhog year kicks off as many of 2018's biggest court cases return on appeal. James Phillips rounds up what trustees should keep an eye on.
Five stories you may have missed this week
This week's top stories were industry reaction to the Lloyds GMP equalisation judgment, and Workchain's £280,000 fine for illegally opting workers out of their pension scheme.
Implementation of Lloyds GMP ruling will be simpler than it looks, lawyers say
The High Court ruling on guaranteed minimum pension (GMP) equalisation may have said various methods were possible but, in practice, schemes will find it fairly easy to implement, legal experts say.
What the Lloyds case means for advising DB schemes
Henry Tapper says the Lloyds GMP ruling will see little benefit for members but profound fees to administrators.
GMP ruling gives schemes clarity, cost and complexity
Jonathan Stapleton says the GMP headache may persist as schemes take action following ruling.
Five stories you may have missed this week
This week's top stories included the High Court ruling that guaranteed minimum pensions must be equalised, and Ford offering partial defined benefit transfers to members.
Schroders emerges as frontrunner in battle for £109bn Scottish Widows mandate
Schroders is set to land the £109bn Scottish Widows mandate as it offers a stake in its wealth arm Cazenove Capital as part of the negotiations, according to reports.
Lloyds' pension surplus rises by £1bn in six months
The defined benefit (DB) pension schemes of Lloyds Banking Group saw their combined accounting surplus grow by £954m over the first six months of 2018.
Lloyds targets one million new pension clients by 2020
Plans to invest more than £3bn in strategic initiatives
Five stories you may have missed this week
This week's top stories include coverage of a green paper response which said The Pensions Regulator needs to be investigated and the Pension Protection Fund privatised.
Lloyds DB schemes plummet into deficit
The combined funding position of the Lloyds Banking Group defined benefit (DB) schemes deteriorated considerably in the third quarter of the year.
Scottish Widows chief executive Toby Strauss exits
Toby Strauss, the chief executive of Scottish Widows, is to exit the group after four years.
Greater London Authority raises £200m via UK's first CPI bond
The UK's first sterling bond linked to the Consumer Price Index (CPI) has been issued to help finance the building of a tube link in London.
Aviva reveals IGC committee
Aviva has announced the members of its Independent Governance Committee (IGC).
How to prevent the charge cap from limiting investment creativity
It is possible to invest smartly, efficiently and creatively under the 0.75 bps charge cap, Natasha Browne hears
NAPF Investment Conference: Transaction charge cap 'unworkable'
The introduction of a charge cap on transaction costs would be "unworkable" and could lead to inefficiencies, experts have warned.
Lloyds hires Karen Wake for AE re-enrolment project
Lloyds Banking Group has appointed Karen Wake as a senior pensions strategy manager.
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