Investment

The Macmillan Cancer Support pension scheme has appointed Mn Services as its fiduciary manager, to advise the trustees on their investment strategy.

UK - The government is proposing to scrap the default retirement age of 65 by October next year.

US - The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) beat its policy benchmark by 305 basis points in the past year helping to increase total assets by $3.6bn.

Local government pension funds have been urged to give financial backing to public building projects which risk failure due to government spending cuts.

The global equity selection process is shifting away from traditional active managers towards a longer-term, unconstrained selection framework, Lane Clark & Peacock says.

Each month DC World asks readers for their views. This month we ask: Would early access to pension pots encourage greater saving or generate insufficient retirement funds?

Yes - wherever this is practically possible. From Towers Watson point of view as one of the pioneers of STP (SWIFTNet funds ISO20022) it is already established as an industry standard especially within the third party administrator (TPA) arena.  For example,...

Since the coalition government came to power in May the retirement income industry has seen unprecedented change - not least the launch of a consultation on abolishing the Age 75 rule. This is a subject close to the hearts of many within the retirement...

Pensions minister Steve Webb has highlighted the need to develop a strong State pension to help people build up a decent level of retirement income. Speaking at the ABI Savings and Protection conference on 13 July the minister outlined his commitment...

The UK should look at the Chilean retirement system's multi-fund structure as it develops the default fund set-up for NEST, Organisation for Economic Co-Operation and Development principal economist Pablo Antolin-Nicolas has said.