Corporate Moves
UK’s Largest DB Plan Gets New CEO/CIO
Ex-M&G Prudential head Simon Pilcher will take over the UK’s Universities Superannuation Scheme from Roger Gray.
Tag: UK
Regulation
TPR Fines McDonald’s Franchisee Trustee for Breach of Pension Law
Fine of £104,000 largest ever handed out to trustee by UK regulator.
Regulation
CEO Resigns from £17 Billion UK Pension
Susan Martin steps down from LPP as Chris Rule named interim replacement.
UK Issues Guaranteed Minimum Pensions Conversion Guidance
But more may need to be done to achieve clarity.
UK Government Leaves Universities on Their Own to Deal with Increased Public Pension Costs
Opponents call the ruling ‘deeply worrying’ for the future of the country’s higher education institutions.
Risk
Consolidation Among Top Priorities for UK’s PLSA
Pension industry trade group releases four-year work plan.
Corporate Moves
British Steel Pension Plan Gets Its First Independent Chairman
Keith Greenfield will take over the metal pension’s board, replacing Allan Johnston.
Brunel Picks Two Managers to Run Low-Volatility Portfolio
Low-risk global stock portfolio expected to grow by £200 million for UK pension fund.
UK Pensions Secretary Backs Collective Defined Contribution Plans
Amber Rudd said new type of pension should ‘deliver improved investment returns.’
Brunel Launches Search for Outside Managers to Run New Fund
British pension system needs talent for its fledgling high alpha fund, plus another one coming in late 2019.
Newsmakers
Parliament Votes Nay on Brexit, and Pound Continues to Drop
Frustrated PM May says lawmakers’ thumbs-down ‘does not solve the problems that we face.’
UK Corporate Pension Funded Levels Rise in February
Brexit expected to bring higher volatility and deficits for pensions.
FCA Issues No-Deal Brexit Tips for Firms
UK regulator says it has prepared for a range of scenarios for when the UK leaves the EU.
Regulation
Moody’s Cautiously Upbeat on Brexit Extension
Ratings agency says allowing more time for EU talks would be ‘credit positive,’ though it isn’t upgrading Britain now.
UK Pension Scams Are All in the Family
Organized crime couples and families are swindling millions from pensions.