Uncategorised

Demand for income drawdown is soaring but traditional annuities are being seen as less acceptable, research by Skandia shows.

Cashflow into the £28bn Universities Superannuation Scheme is likely to remain positive for 10 years or more, the latest review of its investment principles says.

NUJ wants more talks

WORKERS at the Agusta Westland helicopter plant in Yeovil have held the first of four planned strikes over pension changes.

Account team enlarged

Britain faces a pensions timebomb because people have abandoned a savings culture and simply want to "live for today", an independent trustee warns.

Banking giant Lloyds TSB will give enhanced pensions to workers made redundant following the downsizing of its Cheltenham & Gloucester Building Society arm.

Russell Investments has won a £2bn global equity multi-manager mandate from Barclays Bank UK Retirement Fund.

Large and medium-sized schemes will be targeted by Equiniti Benefit Solutions, the new name for third-party administrator Lloyds TSB Registrars.

SCHEMES saw surpluses fall by over £48bn during July, latest figures from the Pension Protection Fund reveal.