LEADING fund manager Hermes Pension Management - the asset management arm of the BT Pension Scheme - has revealed a £16.6m blackhole in its final salary pension scheme.
The Hermes Group Pension Scheme, which has around 500 members, pensioners and deferreds, says a change in the discount rate (down to 4.75pc from 5.3pc) caused by falling bond yields is to blame for the...
Disasters happen, but the consequences can be huge. Pádraig Floyd looks at what trustees and employers can do to ensure the master trust they have selected can withstand a crisis
The Pension Protection Fund (PPF) has named Stephen Wilcox as chief risk officer, replacing Hans den Boer who leaves the lifeboat fund after just over three years in the role.
UK consumer price inflation fell 0.1 percentage points in April to 2.4%, a fresh one-year low and missing economists' expectations of inflation remaining at 2.5%.
Speculation about rate rises has caused some schemes to delay any further liability hedging. Rosalind Mann looks at why this may be the wrong move.