NAPF

Institute and Faculty of Actuaries president Ronnie Bowie has urged the Treasury to abandon plans to raise local government pension scheme contribution rates, saying members faced an "impossible cost".

Just one in two people in the UK plan to fund their retirement through a pension, research shows.

The government must take "urgent" action to clarify public sector reforms and end the uncertainty engulfing its plans, the National Association of Pension Funds says.

The Institutional Investor Committee has urged companies to challenge the costs of rights issues fees in a bid to get best value for shareholders.

Lord Hutton has warned the momentum of public sector pension reform could suffer because his commission was disbanded immediately after delivering its report.

UK - Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

Procurement of investment and actuarial services for local government schemes could be pushed into regional and national frameworks in a bid to harness efficiency savings, the government says.

The Pension Protection Fund will use scheme investment risk for the first time to calculate the levy from 2012/13, it announced today.

EUROPE - The European Commission will extend capital requirements for pension schemes across Europe as early as 2016, industry sources say.

Draft guidance on auto-enrolment certification does not clarify nuances around salary sacrifice and opt-out inducements, leaving some employees in a "netherworld", a lawyer says.