Advice on group personal pensions should be paid for on a fee basis, even if employees receive no individual advice, the Financial Services Authority says.

Senior industry figures have expressed their disappointment over the government's refusal to take any further action to develop collective defined contribution schemes.

Swiss Re has confirmed it was the counterparty behind a £750m longevity swap with the Royal County of Berkshire Pension Fund.

UK - Swiss Re has confirmed it was the counterparty behind a £750m (US$1.2bn) longevity swap with the Royal County of Berkshire Pension Fund.

BP has appointed Aegon to provide it with a UK defined contribution plan.

Workers at Fujitsu will begin six days' strike action this week over work, pay and pensions.

UK - Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.

Hermes Fund Managers has bought a majority interest in Sourcecap International, a growth oriented, active European equity manager.

Prospect has branded Ofgem's plans to shake up the way energy companies pass through pension costs as a "fudge".

UK - The aggregate funding position of the 7400 defined benefit funds monitored by the Pension Protection Fund (PPF) improved to a deficit of £92.5bn (US$150.7bn) in November.