UK - The Pensions Management Institute is warning trustees they may still be liable for pension funds that have been wholly bought out, despite the Financial Services Compensation Scheme (FSCS) claiming it would step in if an insurer went bust.
The professional body, which provides trustee education, told Global Pensions trustees should still be reserving cash for pension scheme liabilities as it was not clear that the FSCS would apply to all...
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.