UK - Over two million people approaching retirement have no idea where additional income will come from if their pension is inadequate, according to Britannic Asset Management.
Its research found that more than five million people coming up to retirement are relying on banks and building societies to top up income in retirement – despite low interest rates.
Johnson Controls International has appointed XPS Pensions as investment and actuarial adviser for two of its schemes, following a competitive tender process.
Merseyside Pension Fund has allocated an initial £400m of assets to a smart sustainability fund managed by State Street Global Advisors (SSGA).
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
Buck has launched a solution to help pension schemes equalise guaranteed minimum pensions (GMPs) in a cost effective way with minimum hassle.