News

The £3bn Merchant Navy Officers Pension Fund (MNOPF) has insured around 2,500 pensioner members in a £490m buy-in with Legal & General (L&G).

Ingrid Everson has been appointed as a client director at Independent Trustee Services (ITS) to lead trustee appointments in the West Midlands.

The estimated transfer value quote for the average defined benefit (DB) member stayed fairly stable over November, according to Xafinity.

Five local government pension schemes have committed £100m collectively as cornerstone investors to a ten-year closed-end vehicle called Hearthstone Residential Fund 1 (HRF1).

Labour leader Jeremy Corbyn has become the hundredth MP to call for the £621m parliamentary pension scheme to divest from fossil fuels.

The Work and Pensions Committee (WPC) has said a cold-calling ban could be in place by summer if the government heeds its suggestions.

Proposed changes to Scottish income tax bands could see savers receiving too little tax relief, commentators have warned.

It is estimated that half of those born today could expect to be alive at the age of 82.3 years if male and 85.8 if female, according to the Office for National Statistics (ONS).

This week's top stories included calls for a national pensions debate to discuss investment strategies, and Xafinity's plans to acquire some Punter Southall businesses.

British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.