UK - Three quarters of pension funds made changes to their schemes ahead of today's A-Day legislation changes so that members could take higher cash lump sums, Mercer Human Resource Consulting has claimed.
Among the changes introduced are streamlined pension tax rules, an increase to the amount of earnings qualifying for tax relief, new rights for individuals to run concurrent pension funds, and an allowance...
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.