UK - Watson Wyatt is urging pension fund trustees to rethink their investment strategies in light of a nose dive by the FTSE100.
An estimated £20bn was wiped off UK pension funds in a week when the FTSE100 dropped to its lowest level since September 11.
Watson Wyatt senior investment consultant Kevin Carter said: “This highlights to the trustees and sponsors concerned the inherently greater volatility of equities to other asset classes.”
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.