Investment

Cardano has been appointed as fiduciary manager for the Brakes Final Salary Pension Scheme.

Car dealership Pendragon has seen its pension deficit rise after the Financial Reporting Council (FRC) intervened to change the structure of a £35m asset-backed contribution (ABC).

The UK inflation rate dropped to 1.9% in January, marking the first time it has fallen below the Bank of England's target of 2% since November 2009.

The Pensions Regulator's (TPR) defined benefit (DB) code of practice has been dismissed as ‘500 pages of garbage' by BESTrutees chairman and former non-executive director at the watchdog Alan Pickering.

Only 12% of charities see having a defined benefit (DB) pension scheme as essential for recruitment, mostly in order to compete with the public sector, according to the Charity Finance Group (CFG).

A British Airways (BA) pensioner will not continue with a Pensions Ombudsman (PO) complaint against the Airways Pension Scheme (APS) trustees as they have become embroiled in a court battle with the airline.

This week, Buzz respondents said trustees must get better at understanding fees.

An even greater proportion of Buzz respondents said schemes must do more to understand the fees they pay to asset managers.

Most Buzz respondents believe trustees and scheme managers are not doing enough to get to grips with fees they pay for transition management services.

The Pensions Ombudsman (PO) has ruled in favour of the trustees of the Airways Pension Scheme (APS) in the latest twist in a long-running battle over indexation.