Law and Regulation

UK pension funds' tendency to herd in the same asset classes could lead to volatility in asset price or economic cycles which could be detrimental for the whole economy, according to a research paper from the Bank of England.

A High Court judge has upheld the right of schemes to use the consumer prices index (CPI) as the inflation measure for increasing deferred pensions and pensions in payment.

All schemes with mixed charge structures or fees in excess of 0.75% will be included in the audit of legacy defined contribution (DC) schemes launched earlier this year.

Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.

The Pensions Regulator's (TPR) updated defined benefit (DB) code of practice comes into force today.

Online register idea touted as ‘win-win’

The Institute and Faculty of Actuaries (IFoA) and the Financial Reporting Council (FRC) have outlined how actuarial regulation will be divided between the two bodies.

Harmonising pension policy on a European Union (EU) level is unlikely to work due to a lack of demand for cross-border schemes, according to a Treasury report, published yesterday.

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

Pension funds could have been cheated out of millions of pounds by manipulation of the £3trn foreign exchange (FX) markets, warns Mark Taylor, dean of Warwick Business School.