PTL appoints client director
PTL, the independent trustee and governance services provider, has appointed Sam Burden to be the client director in its Birmingham office. Burden is an associate of the Pensions Management Institute and has...
DB
Inflation biggest worry for LGPS managers
The majority of pension professionals are now citing inflation as their biggest worry for the funds they manage according to new research. This survey, of the UK Local Government Pension Scheme (LGPS)...
Trustees warned about growing cyber-crime threat
Pension scheme trustees need to prepare for rising cyber-crime according to new industry warnings. Recent research by RSM UK shows that despite a significant increase in the number of these attacks, the...
Rising number of companies with DB schemes issuing profit warnings
The number of profit warnings from UK-listed companies with a DB schemes increased 46 per cent year on year, according to figures from accountants EY-Parthenon. In total there were 19 of these...
Profile: Anders Lundström – a dashboard marathon, not a sprint
Anders Lundström, the chief executive of MinPension.se — the Swedish pensions dashboard — has first hand experience of the challenges ahead for the UK, as it develops its own dashboard initiative. Although...
DB schemes face tough decisions on inflation-linked pension increases
Rising inflation could create problems for DB schemes who have discretion to award inflation-linked increases. Aon points out that with inflation rising sharply granting higher payments could add £8bn of liabilities across...
PLSA appoints six new members to policy board
Royal London’s Jamie Jenkins and Smart Pension’s Darren Philp are among six new members appointed to the Pensions and Lifetime Savings Association's (PLSA) policy board. Formed in 2018 this policy board guides...
Canada Life completes buy-in of Nationwide DB fund
Canada Life has completed a £172m buy-in of the Nationwide Building Society’s closed DB pension fund. The transaction relates to pensions in the fund’s Cheshire and Derbyshire section and insures the fund...
Trustees use GMP equalisation to improve member options at retirement
One in three DB schemes are using the GMP equalisation programme to improve member options available at retirement, according to new research. Aon’s latest ‘Member Options Survey’ shows that a growing number...
Josephine Cumbo: Cheap justice for British Steel pension transfer victims
Five years after the British Steel Pension Scheme scandal first erupted and an end to the saga is in sight for thousands of steelworkers wrongly advised to give up valuable guaranteed pensions....
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