UK -The Pensions Regulator (TPR) is to get greater powers in the emerging pension buy-out market, making it easier to install independent trustees should it consider the interests of scheme members are at risk.
The changes were pushed through by Mike O'Brien, minister for pensions reform, in a late-night amendment to the Pensions Act on Tuesday, The amendment of the bill meant TPR would be allowed to take action...
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.