News

BT Pension Scheme (BTPS) has pulled its inflation-linked bond mandate from Hermes Investment Management, cutting assets under management (AUM) at the business - which it still owns - by more than a quarter.

The collective investment vehicle set up by London Councils has launched its first sub-fund just weeks after getting the regulatory green light.

The Association of Member-Nominated Trustees (AMNT) has launched an initiative to give pension schemes more power to influence the companies they invest in.

Loss of funds leads to closure

Renold Pension Scheme has fully de-risked around a quarter of its UK liabilities on a medically underwritten basis just months after entering a similar transaction.

HSBC is to cut pension payments to its highest executives from next year as part of plans to bring its policy in line with other top FTSE companies, according to reports.

Martin Boniface has been made executive director at JLT Employee Benefits and will be responsible for running the trustee and corporate consulting arm of the business.

Towers Watson shareholders are again being urged to vote against the proposed merger with Willis Group by proxy adviser company Glass Lewis and Co.

The Pensions Protection Fund Ombudsman (PPFO) has rejected a complaint held by trustees over the suitability of a PPF levy guarantor.

Top stories on PP this week include a boat builder not paying three months of contributions and unions rejecting a proposal from United Utilities to shut a DB scheme