Investment

House of Fraser has picked an Aviva group personal pension scheme for its 7,000 UK employees ahead of the introduction of auto-enrolment later this year.

Painting and decorating supplier Brewers has appointed SEI as fiduciary manager to its two defined benefit schemes with combined assets of £108m.

The National Association of Pension Funds has hit back at "completely absurd" claims it is watering down its code of conduct on charges.

AEA Technology has suspended contributions to its defined benefit scheme as it seeks an emergency restructuring after being "overwhelmed" by its growing pension liability.

The consultation an impact assessment of a Europe-wide pensions regime is flawed and has been rushed through, says the National Association of Pension Funds.

Confidence in defined contribution pensions has fallen so low that the majority of workers would choose an inferior financial reward over a 10% boost to their employer contribution, says Hymans Robertson.

The Trades Union Congress has called on the government to ban employers from passing on scheme consultancy charges to auto-enrolled staff.

State Street Global Advisors has launched 22 leveraged swap funds as part of its liability driven investment suite.

Daily Mail and General Trust has set up a £150m partnership using contingent assets to fund its largest defined benefit scheme.

Schemes are using investment outperformance to cut employer contributions by as much as 30% over the next decade, as low discount rates continue to inflate liabilities.