A group of former Citi employees has launched a firm to help pension funds access alpha-generating investments.

Retirement solutions should have the flexibility to provide decent pensions and meet long-term care costs if necessary, the Association of Consulting Actuaries says

The London Borough of Wandsworth pension scheme has appointed Northern Trust to provide global custody and investment accounting services to £750m ($1.2bn) of assets.

The London Borough of Wandsworth pension scheme has appointed Northern Trust to provide global custody and investment accounting services to £750m of assets.

Enhanced annuity sales reached new records of £582m and £676m in the first and second quarters respectively, Towers Watson data shows.

Pension Insurance Corporation has begun offering scheme sponsors flexible insurance contracts that enable it to switch benefit payments from RPI to CPI.

F&C Asset Management has completed the acquisition of Thames River Capital and strengthened its executive committee in the process.

Absolute return strategies are finding favour with trust-based defined contribution schemes, industry experts say.

The Pensions Trust has developed a new website for the Social Housing Pension Scheme defined contribution structure to be launched in October.

Aegon is to close half of its regional sales centres in the UK making 142 roles redundant.