Keep up to date with the latest actuarial and finance news in our weekly round-up…
FTSE 350 pension deficits plummet
The UK’s largest listed companies have seen their pension deficits fall by almost a third over the last year, with nearly half of schemes now running a surplus.
NGOs urge Marsh, Aon to withdraw as coal advisers
Environmental NGOs are asking brokers Marsh Inc. and Aon PLC to withdraw as advisers to a proposed $2.6 billion Vietnamese coal-fired power station. “Given the issues with Van Phong 1, we urge you to advise your client not to proceed with this project and withdraw your own involvement,” the organizations said in letters to the brokers.
TPR tells small pension schemes to quit market
The Pensions Regulator (TPR) has blasted the “unacceptable” performance of small pension schemes in the UK and told them to improve or leave the market.
NHS pensions row: Ministers act amid waiting list rise
The government has come up with new proposals for England and Wales to end the row with doctors over pensions.
Pensions industry making ‘fat living’ from charging savers, MPs claim
Parts of the pension industry are making a “fat living” from people’s savings and should come under tougher scrutiny, MPs have said.
Insurance giants in talks to buyout £10.5bn British Steel Pension Scheme
The board of the £10.5bn British Steel Pension Scheme (BSPS) are in talks with a number of insurance giants to sell it.
London Bridge attack survivors seek medical costs from van hire firm’s insurer
Survivors of the London Bridge terror attack who suffered serious injuries when they were hit by a hired van are claiming compensation from the insurer of the rental company.
