News
Risk Reduction
The regulator and lifeboat fund have agreed plans to sever the £15bn British Steel Pension Scheme from Tata Steel UK after months of negotiations with the trustee and sponsor.
11 August 2017
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4 min read
Law and Regulation
The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.
11 August 2017
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4 min read
Industry
This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.
11 August 2017
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1 min read
Appointments
Newton Investment Management has appointed UBS Global Asset Management's Curt Custard to the newly-created role of chief investment officer (CIO).
11 August 2017
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1 min read
Defined Benefit
Government-backed liabilities in the Royal Mail Statutory Pension Scheme (RMSPS) rocketed more than £8bn over the year to 31 March, according to Cabinet Office documents.
11 August 2017
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2 min read
Law and Regulation
Between April and June the pensions watchdog it fined 45 trustees for not submitting scheme returns, and 20 trustees for not preparing a chair's annual statement.
10 August 2017
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3 min read
Risk Reduction
Defined benefit (DB) schemes will offload around £700bn of liabilities to insurers over the next 15 years, latest analysis by Hymans Robertson has suggested.
10 August 2017
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4 min read
Law and Regulation
The Pensions Regulator (TPR) has revised its definition of a 'professional trustee' as it moves to improve standards and introduce accreditation of the role.
10 August 2017
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2 min read
Risk Reduction
Scottish and Southern Energy (SSE) has entered into two buy-ins with Pension Insurance Corporation (PIC), and a longevity swap with Legal & General (L&G).
10 August 2017
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3 min read
Investment
Prudential has announced it will combine its UK savings and investments businesses to create a single entity named M&G Prudential.
10 August 2017
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3 min read
