Lloyds Banking Group (LBG) is consulting with scheme members on removing pensionable pay increases for active members of its defined benefit (DB) schemes.
It has proposed to scrap the current maximum 2% per year increase entirely from April 2014. LBG runs 10 schemes, with a total of 335,000 members and assets under management of around £20.6bn (PP Online,...
Jonathan Stapleton wonders whether we need a thorough review of the principles for institutional investment decision-making
The pension insurance market could be set for another record-breaking next year as schemes are already "in the queue" for deals at the start of next year, says Hymans Robertson.
Jonathan Stapleton reports on why Lord Myners believes there needs to be a new review of the investment principles.
In this week's Pensions Buzz survey, we want to know whether or not you agree with Lord Myners' opinion that asset owners, such as pension funds, are substantially to blame for short-termism in business.