Uncategorised

MILLIONS of scheme members have never reviewed their pension plans and risk a "serious shortfall" on retirement, research by Baring Asset Management reveals.

NEARLY one-third of employers have little confidence their defined contribution scheme will provide workers with an adequate pension on retirement, research by SEI shows.

GOVERNANCE issues are now the key focus for trustees, Profund claims.

THE Pensions Regulator and Close Brothers Corporate Finance are holding a free scheme specific funding workshop in London on July 30.

DIVERSIFICATION of asset classes is one of the best ways to achieve a stable series of returns for pension funds, Barclays Global Investors says.

The government will bow to industry pressure and set the contribution cap on personal accounts lower than the £5000 limit proposed, industry sources told PP.

Insurers have criticised plans to scrap the pensions ombudsman's office following Paul Thornton's institutional review for the department for work and pensions.

The government has dropped plans in the House of Lords that would have made pension savings up to £16,000 exempt for means-testing purposes.

GERMANY - Watson Wyatt Worldwide has bought 20% of German insurance consultancy, Institut für Finanz und Aktuarwissenschaften (ifa), for an undisclosed amount.

Ministers look as though they are going to bow to industry pressure over the level of contributions for the proposed personal accounts.