Investment

More than two-thirds of contractors who take on outsourced local authority services are unaware of potentially crippling pensions costs at the end of their contract, Punter Southall research reveals.

CB Richard Ellis Investors has launched a UK direct property fund for defined contribution pension investors.

Costain has announced it has closed its defined benefit pension scheme to future accrual in a bid to reduce risk and volatility.

The Pension Protection Fund will diversify its assets to gain better returns while maintaining the same level of risk, the lifeboat fund says.

UK - The Pension Protection Fund (PPF) will diversify its assets to gain better returns while maintaining the same level of risk, the lifeboat fund said.

US - BlackRock's head of US defined contribution business Kristi Mitchem will leave the firm to pursue other opportunities.

The UK industrial sector is at a competitive disadvantage to its foreign counterparts as a result of burgeoning pension deficits, a consultant says.

Aggregate Industries has announced its two largest pension schemes have entered into insurance transactions to transfer risk to Pension Insurance Corporation.

Most employees still see a pension as the best way to save for retirement but only a third are confident it will provide an adequate retirement, latest research from the National Association of Pension Funds reveals.

A group of 17 global pension schemes, institutional investors and other organisations have launched a study to look at the potential impact of climate change scenarios on strategic asset allocation.