Investment

Industry figures believe the government will make transfer of short service refunds the default option when it revamps the regulatory framework later this year.

Changes to pension tax allowance rules limiting annual tax- free contributions to £50,000 have led to a spike in ‘carry forwards' by high earners, a tax expert said.

Yields on high-yield debt are set to surge up to 100 basis points higher this summer as valuations begin to offer a "compelling" case for investment, analysts say.

The £2.4bn Universities Superannuation Scheme has boosted its property portfolio with the purchase of a 35,000 square foot warehouse and green field site.

Introducing the collective defined contribution model in the UK could increase typical members' pensions by up to 45% according to actuarial consultant Hamish Wilson.

GLOBAL - Worldwide investor Confidence fell back below 100 to settle at 99.2 in June, a decline of 5.1 points from May's revised reading of 104.3, State Street Global Markets said.

GLOBAL - The executive board of the International Monetary Fund (IMF) has chosen French finance minister Christine Lagarde as its new director.

Employers taking on business transfers could be on the hook for unexpected life assurance benefits, thanks to a quirk in Transfer of Undertakings (Protection of Employment) regulations.

James Cropper has closed its final salary scheme to future accrual, cutting its pensions deficit by 90%.

MSCI has launched a range of 25 new ESG indices developed specifically for pension funds and other institutional investors.