A £650m government loan facility for the National Employment Savings Trust will be "unrecoverable" as the agreement allows the terms of the loan to be renegotiated, a lawyer says.
Government pension reform and the rising cost of defined benefit schemes is leading to increased centralisation and renewed focus on employee benefits by multinational firms, a study shows.
Cross-border schemes are unlikely to make more than "very limited" progress because of the tax differences between member states in the EU, the Society of Pension Consultants says.
Resolution's group pension assets grew by approximately £1bn over the first half of this year, results show.
Some Royal Mail Pension Plan scheme members' pension payments were 1.5 percentage points greater than others due to the CPI switch, annual accounts show.
LV= Asset Management said it expects to see some staff redundancies as it finalises its deal to outsource the management of its funds to Threadneedle.
Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m.
Price pressures across a number of areas forced UK CPI annual inflation up from 4.2% in June to 4.4% in July.
FTSE100 firms with pension schemes heavily exposed to equities dropped 26% in value this month, pushing the combined index deficit up £30bn in just ten days.