The Bank of England (BoE) last week revealed that unemployment is falling faster than previously expected. While great news for workers facing depressing labour figures, there are also extensive connotations for institutional investors.
When taking the reins at the bank earlier this year, governor Mark Carney set an unemployment threshold of 7%. Once this is reached, Carney said, the bank would consider raising interest rates. However,...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.