Vanguard has expanded its common contractual fund (CCF) range with the launch of two tax transparent funds that provide low cost access to equities.
Schemes’ temporary protection from clearing derivatives is being undermined by new bank capital rules.
The government is to launch a national infrastructure investment platform for the Local Government Pension Scheme (LGPS) through pooling.
The Chancellor has gone ahead with plans to introduce a scheme to help lower paid people to save, amid concerns it could disincentivise pensions savings.
Despite heightened awareness of index huggers, this cosy practice is still a big problem, finds PP.
Prudential has reduced charges and axed exit fees to deliver members value for money following recommendations from its independent governance committee (IGC).
Legislation must be introduced to stop the cost of master trust wind-ups falling on members, the pensions minister says.
A group of pension fund managers have warned incoming bank capital rules could shut schemes out of derivatives or force them to sell long-term assets to generate cash.
The Chancellor has reportedly abandoned plans to reform pension tax relief in his forthcoming Budget after facing backlash from the industry and even the pensions minister.
The biggest stories were predictions the Chancellor would introduce a flat rate of tax relief, Merchant Navy Officers closing defined benefit to future accrual, and KPMG expanding its defined contribution team by a third.