Industry

While references are made to attitudes of distrust in the pensions industry, one of the most significant reasons for the low take-up of pensions - and potentially high auto-enrolment opt-out rates - is the current attitude to saving.

Hannah Brenton investigates whether shareholders’ newfound voice will peter out or flourish under defined contribution.

Jack Jones talks to Philip Scott of the Institute and Faculty of Actuaries

The pensions industry has rallied behind Steve Webb over his suggestion that the government should intervene in the way defined benefit liabilities are calculated.

Last week, Barclays was fined £290m for trying to manipulate LIBOR in a bid to make itself appear more secure during the financial crisis.

The industry has urged the National Association of Pension Funds to take care when designing its "pounds and pence" charging code to avoid too much focus on low charges.

UK defined benefit liabilities have stabilised for the fourth month in a row, according to a Xafinity Corporate Solutions model.

The Pensions Research Accountants Group has presented awards to three schemes on the strength of their summary reports to members.

Pension Corporation has received £400m of new capital from Luxembourg investor Reinet Fund - taking the value of the insurance business close to £1bn.

The Equitable Life payment scheme has made payments to 288,823 policyholders, totalling at more than £277m, since its launch in June 2011.