News

The £43bn Border to Coast Pensions Partnership (BCPP) has appointed RPMI's outgoing chief executive Chris Hitchen as non-executive chairman.

Transfers to Qualifying Recognised Overseas Pension Schemes (QROPS) are down for the second tax year in a row - to 9,700 transfers worth £1.22bn in 2016/17 - according to HM Revenue & Customs data.

Pension Insurance Corporation has invested £60m with Red Kite Community Housing, a regulated housing association based in High Wycombe.

The Financial Conduct Authority has said LIBOR is likely to end by 2021 and has urged markets to begin transitioning to alternative benchmarks.

The Universities Superannuation Scheme (USS) increased assets under management by 20.1% to £60bn over the past year, the scheme's latest annual report and accounts reveal.

Boots Pension Scheme has invested in Legal & General Investment Management's (LGIM) newly-launched multi-factor global equity fund.

A total of £12.7bn has been withdrawn from pensions since Freedom and Choice was introduced in April 2015, according to latest HM Revenue & Customs (HMRC) statistics.

Engineering group GKN has announced it closed its two UK defined benefit (DB) schemes to future accrual on 1 July, after falls in bond yields increased liabilities in 2016.

The European pensions regulator has set out plans to standardise and streamline occupational pension schemes data provided by national regulators.

Asset managers will face a duty to act in the best interests of investors under plans unveiled by the Financial Conduct Authority (FCA) today.