UK - Moves by pensions ombudsman David Laverick to give his office greater powers than a Hhigh Court judge would be disastrous for schemes, lawyers warn.
A brief leaked to PP reveals that Laverick has outlined a proposal to amend – via the Pensions Bill – section 151 of the 1993 Pension Schemes Act. This would allow him to direct a trustee or scheme manager...
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.