All British Steel Pension Scheme (BSPS) articles
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NewsRolls-Royce pension fund picks BlackRock for custom-built default fund
Plus: LPP invests in Federated Hermes’ private equity fund; GAD completes methodology assessment into British Steel scheme; Osmosis partners with SuMi TRUST
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News
British Steel picks LGIM for DB scheme, in-house team to transfer
LGIM and Legal & General Retail Investments already manage and insure just under 40% of the scheme’s assets
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UK roundup: Regulator used its powers against Germany’s Scharf AG
Scharf showed ‘complete disregard’ for the Dosco scheme, according to TPR
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News
FCA considers advice redress scheme over British Steel transfers
Consultation expected by end March, subject to final approval of consultation documents by the board
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News
Old British Steel Scheme set for £2bn buyout with PIC
The transaction will secure the pensions of 30,000 former steelworkers and keep them out of the Pension Protection Fund
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British Steel buyout ‘could affect pension insurance market capacity’
British Steel Pension Scheme trustees are reportedly in early stage talks regarding a pension risk transfer deal to secure the pensions of its 81,000 members
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News
UK regulator seeks to stem flow of exits from DB schemes
Financial Conduct Authority says too much financial advice related to transfers is ‘still not of an acceptable standard’
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NewsPeople moves: British Steel Pension Scheme appoints new chairman [updated]
BSPS, ATP, Varma, EIOPA, ASR, DNB, GAM, Detailhandel, ICG, MN, Amundi, Invesco, Fidante, Universal
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News
UK regulator warns on transfers out of DB schemes
Trustees should be wary of the effect of generous transfer offers on scheme funding, regulator says
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News
UK lifeboat fund bolsters reserves despite record year for claims
The Pension Protection Fund reported a £6.7bn surplus after taking on Carillion, British Steel schemes
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UK media group in talks to offload pension scheme
Johnston Press is exploring restructuring options as it struggles to meet £220m debt payment
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Revamped British Steel scheme reports £2.2bn accounting surplus
Steelworkers’ union calls for surplus to be passed on to members
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‘Clearer, quicker, tougher’: UK regulator sets out three-year plan
TPR will hire more staff to implement new powers granted by UK government
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UK roundup: BA scheme closure to save company £80m a year
Plus: Recruitment firm charged by regulator; new British Steel scheme opens for business
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AnalysisAnalysis: UK regulator decides against relaxing DB transfer rules
Financial advisers told to “start from the assumption” that exiting a defined benefit pension fund is unsuitable
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News
New British Steel scheme ‘passes size and funding tests’
Restructuring scheduled for 28 March, subject to regulatory approval
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British Steel: Regulators ‘failed to protect’ members from poor advice
Work and Pensions Select Committee slams Pensions Regulator and Financial Conduct Authority over approach to scheme’s restructure
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British Steel: Trustee board defends member communications
Politicians claimed the efforts to explain restructuring to members were “woefully inadequate”
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British Steel unveils trustee board for new scheme
Allan Johnston to continue as chair of six-strong team
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British Steel: 86% of members opt for new pension scheme
New scheme estimated to have roughly £11bn of assets ahead of final decision by regulator
