British Coal scheme makes 'negligence' claim against Towers Watson

clock •

The British Coal Staff Superannuation Scheme has made a claim of ‘negligent investment consulting advice' against Towers Watson.

A 10Q filing to the US Securities and Exchange Commission (SEC) said the demand letter from the trustee asserted the allegation was made particularly in respect of a currency hedge. This related...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Natasha Browne

View profile
More from Natasha Browne

Equity market turmoil a wake-up call for schemes mid-valuation

FTSE350 deficits fall 7% despite market volatility

More on Law and Regulation

FCA thinking on using pension pots for house deposits 'a welcome development'
Law and Regulation

FCA thinking on using pension pots for house deposits 'a welcome development'

Regulator ponders the merits of radical thinking on pension savings

Jonathan Stapleton
Jonathan Stapleton
clock 01 April 2025 • 4 min read
Robin Ellison – Regulators in the firing line
Law and Regulation

Robin Ellison – Regulators in the firing line

PP’s regular columnist says the political forces are changing when it comes to regulation

Robin Ellison
clock 24 March 2025 • 11 min read
TPR pledges to cut master trust capital requirements and create innovation 'hub'
Law and Regulation

TPR pledges to cut master trust capital requirements and create innovation 'hub'

Regulator also looking to reduce regulatory burden and ask for asset allocation info

Jonathan Stapleton
Jonathan Stapleton
clock 17 March 2025 • 2 min read
Trustpilot