More than 1,000 members of the British Steel Pension Scheme (BSPS) will receive compensation of £49m after being mis-advised to transfer out of the defined benefit scheme. The Financial Conduct Authority confirmed...
Hymans Robertson has launched a new guide for DB sponsors, designed to stop them ‘sleep-walking’ into a scheme buy out. The interactive guide aims to help corporates understand more about the endgame...
Standard Life has appointed DB pension administrator Equiniti to help its grow its bulk purchase annuity (BPA) business. Equiniti will provide full administration of both buy-in and buy-out BPA policies, designed to...
Cardano Advisory has launched new artificial intelligence technology that should help change the way covenant assessments are provided to smaller pension schemes. The technology, called Discover, utilises Cardano’s database of historical covenant...
The aggregate surplus of defined benefit schemes in the Pension Protection Fund increased in October, despite the widespread volatility in bond and gilt markets. In total the surplus of the 5,215 schemes...
Hymans Robertson has appointed Patrick Bloomfield to the role of senior actuary. Bloomfield, a former ACA chairman, has been at Hymans Robertson since 2004, becoming a partner two years later. He has...
More than 60 graduates and apprentices have joined Barnett Waddingham this year across a range of business areas. In total Barnett Waddingham has welcomed 53 graduates and 15 apprentices to its early...
There is widespread ignorance and confusion about common acronyms used across the pension industry, with just 2 per cent of UK adults knowing what ‘ESG’ stood for. Recent research showed that three...
The Pensions Regulator has published its consolidated enforcement policy, alongside a new enforcement strategy. This policy includes new powers given to the regulator under the Pensions Schemes Act 2021 and replaces three...
The influential Work and Pensions Select Committee will conduct an inquiry into the use of ‘liability driven investments' (LDIs) in the pension market. It says it wants to understand what lessons can...
