Page 24 - Trustee Services News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Susanna Rust2021-02-09T15:21:00+00:00 A pension scheme sponsored by a defunct employer that was part of the Carillion Group has agreed a £150m (€168m) “PPF+” buyout transaction with Legal & General, it was announced today. The deal will enable the scheme to secure benefits that are greater than those which would have been provided by the Pension Protection Fund (PPF). The Mowlem (1993) Pension Scheme entered the defined benefit lifeboat fund’s assessment in February 2018 following the liquidation of Sovereign Hospital Services Limited in connection with the insolvency of Carilli...

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

Independent Trustee Services appoints Head of Professional Operations Submitted 29/01/2021 - 10:17am Independent Trustee Services (ITS) has appointed Louise Grindley as Head of Professional Operations, as the company continues to expand its services to deliver on ambitious growth plans. Grindley brings over 30 years’ experience in the pensions industry to the role, and joins from professional services consultancy Barnett Waddingham – where she acted as a Senior Project Specialist.   Louise is a qualified PRINCE2 practitioner, as well as a Fellow of the Pensions Management Institute, She...

AP3 – Swedish national pensions buffer fund AP3 has appointed ö rklund as its new head of alternative investments. Björklund is being promoted to the role from her current position as portfolio manager for international real estate and infrastructure at the pension fund. Björklund will replace Bengt Hellstr ö m, who is stepping down from the managerial role after 20 years in the position. However, AP3 said Hellström would continue to work within the organisation until further notice. Björklund came to AP3 in 2018 having previously worked for one of Sweden’s largest pensions prov...

 3 Axis Trustee Services Ltd, which is the debenture trustee for various listed, secured, and unsecured non-convertible debentures (NCDs) issued by Srei Equipment Finance Ltd (SEFL) has sought the views of bondholders on whether to challenge the moratorium order passed by the National Company Law Tribunal (NCLT) Kolkata bench.    Axis Trustee Services has sent an email today to all bondholders saying “As the debt payments are not being made by SEFL, we seek your views on whether we should challenge the NCLT Order or not.”     Axis Trustee Services has shared link (to a web-form) in t...