Largest BPA transaction of 2024 so far and Aviva’s largest external deal ever
Report recommends actions for employers, members, government and community groups
Abrdn will act as investment advisor and implement the strategy at portfolio level
Proposals include extending provision to whole-life unconnected multi-employer schemes
Regulations laid before parliament to fix LTA errors
Broadstone says redress values have continued to ‘tick down’ in 2024
Funding ratio increases to 148.4%, with total assets at £1,458.8bn
WTW serving as scheme actuary, Redington as investment strategy adviser and BW as OCIO selection and oversight provider
The report forms part of the pair’s Lifetime Savings Initiative and makes series of recommendations
Conjecture driving savers to withdraw ‘excessive funds’