UK pension schemes plan to further cut their exposure to domestic equities at a time when allocations are already at historic lows, an Aon Hewitt survey found.
In the 1990s, schemes were dominant players in the UK stock market and used equities as the main engine to generate returns. But since the turn of the century, UK schemes have slashed average equity...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.