Beefeaters strike to protect pension benefits
Beefeaters at the Tower of London will go on strike again today over pension changes, after talks to resolve the dispute broke down. An earlier strike had been postponed for talks between...
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Buck launches GMP equalisation service
Actuarial and technology consultants, Buck have launched a new service for pension schemes looking to equalise Guaranteed Minimum Pension (GMP) benefits. Following a high court ruling at the end of last year, all...
Big jump in companies able to offload DB pension liabilities: LCP
There are clear signs that the DB consolidation market is accelerating, according to new analysis by actuarial consultants Lane, Clark & Peacock. Their latest research predicts that more FTSE100 companies will look...
DWP Select Committee launches inquiry into contingent charging
The Department for Work and Pensions Select Committee has announced an inquiry into the role of contingent charging on pension transfer advice. It is inviting interested parties to submit written evidence on...
Compensation for mis-sold DB transfers doubles
Compensation paid to those who have been wrongly advised to transfer out of a DB pension scheme has doubled over the past two years. New figures from the Financial Services Compensation Scheme...
Willis expands pension de-risking team with senior hire
Willis Towers Watson has appointed Costas Yiasoumi as a senior director in its pension de-risking transaction business. The appointment reflects the firm’s significant growth in providing services in this rapidly expanding area. ...
DWP confirms pension ombudsman appointment
Arter has also been reappointed as the Ombudsman for the Pension Protection Fund, again for a further two-year period. The Pension Ombudsman investigates complaints and disputes about personal and occupational pension schemes....
CMA publishes final report into investment consultancy sector
The Competition and Markets Authority has demanded a range of reforms to improve competition in the investment consultant and fiduciary management sector. This recommendations come as the CMA publishes its final report...
TPT Retirement Solutions appoints new head of marketing
MacLeod joins from LEBC group where he held a similar role. He will support the TPT’s new direct to scheme business, led by Adrian Cooper. Previously MacLeod worked as director of sales...
GMP ruling to increase pension deficits by less than 4pc: Moody’s
UK companies are not expected to have their credit rating downgraded, after a recent high court ruling on equalising guaranteed minimum pensions (GMPs). Credit ratings agency Moody’s says it expects there would...
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