Lord Myners has branded advice to increase scheme fixed income allocations as "nonsense" and warned the bond market is an "enormous bubble which will burst".
In a speech to local authority funds last week, Myners – a former City minister and fund manager – said schemes are wrong to buy bonds in the current economic climate as long-term interest rates are likely...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).