UK - The UK regulator has denied allegations that it is backtracking on its soft commissions and unbundling proposals, which it says are a necessary step to appropriate ‘market led' regulation.
“The ball is now in the industry's court,” said FSA chief executive John Tiner. “If it seems to them that we are breathing down their neck, then that is because we are. The FSA has called on the industry...
UK - Government plans to cut a subsidy boosting the appeal of solar panel infrastructure investments could scupper scheme plans to use these investments as part of their liability matching strategies, fund managers say.
UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.
UK - The Pension Protection Fund has published its annual report - revealing a surplus of £678m ($1.1bn) at 31 March.
UK - Schemes looking to maximise returns in a low interest rate environment must work closely with investment banks to boost member outcomes, Barclays chief executive Bob Diamond says.
UK -More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.