An independent financial adviser has reported Legal & General to the Financial Services Authority for mis-representing the past performance of its High Income Trust by smoothing out volatile price movements.
The complaint stems from L&G's decision to restate the past performance of the £2bn fund - which is open to institutional investors - after altering its pricing structure. The fund moved from a "single...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.