Bond rout’s £20bn hit to top UK pension fund
Value of Britain's biggest pension fund plunges by £20bn, more than a fifth of its entire value, after turmoil in...
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Another Excessive Fee Suit Targets Provider ‘Overpayments’
A new suit — with a plaintiff represented by a new (but suddenly active) law firm claims to be “another...
Merseyside Pension Fund appoints Redington as strategic investment adviser
Merseyside Pension Fund has announced the appointment of investment consultancy firm Redington as its strategic investment adviser.Redington has been appointed...
How to find your missing pension money
As a financial adviser, a topic I am regularly asked about is investing, often considered exciting and sexy. Yet when...
‘Short’ Excessive Fee Suit Struck Down
Noting that “Plaintiffs fail to plausibly allege the Committee breached its ERISA-imposed fiduciary duty by charging unreasonable recordkeeping fees” — another excessive fee suit has been dismissed. The plaintiffs here — Keith K. Kruchten, Angel D. Muratalla and William Begani — sued on behalf of the $2.1. billion Ricoh USA, Inc. Retirement Savings Plan earlier this year. They’re represented by Capozzi Adler PC and rely on a foundation of allegations that are basically a “rinse and repeat” from other suits. In a suit that was a mere 27 pages long,...
UK pension providers lagging behind on climate change action
The UK’s top 20 defined contribution (DC) workplace pension providers are “failing to keep pace” with action required on climate...
UK drops to 10th in global pension system rankings
The UK has fallen one place to 10th in the Mercer CFA Institute Global Pension Index, with Iceland retaining its...
