Investment

Schemes have been warned against expecting a rate rise this year after just one of the Bank of England's (BoE) Monetary Policy Committee (MPC) members voted for an increase this month.

The number of transfer value requests in defined benefit (DB) schemes doubled from January to July this year according to research from Xafinity.

Barnett Waddingham and the Chartered Institute of Public Finance & Accountancy (CIPFA) have partnered to provide support and training for pension board members in the local government pension scheme (LGPS).

Individual annuity sales at Legal and General (L&G) have fallen by more than half this year, and its bulk annuity business has failed to pick up the slack, figures show.

Here they are… The judges for this year's Professional Pensions Investment Awards.

Standard Life's profits have fallen 15% in H1 2015 as it suffered a 66% reduction in annuity sales from last June as a result of the pension freedoms.

Impax Asset Management has appointed Sally Bridgeland and Lindsey Brace Martinez as non-executive directors as Mark White steps down from a similar role.

The accounting deficits of the UK's biggest pension schemes rose by 17% last month, according to research from Mercer.

Over a third of large defined benefit (DB) pension schemes will quote members' transfer values on their retirement statements in light of the pension freedoms, according to research.

Transfers could make existing strategies unsuitable