News

The disparity in the investment performance of the UK's top 10 defined contribution (DC) default funds is so large that savers in the best and worst funds are seeing a difference in annualised returns of nearly 50%, JLT research reveals.

Lloyds Banking Group has agreed to acquire Zurich's UK workplace pensions and savings business, which has assets under administration of more than £15bn and around 500,000 customers.

The government must introduce legislation to force schemes to give data to the pensions dashboard if it is to succeed, an Association of British Insurers (ABI) report says.

BNP Paribas will end business with companies whose primary activities involve profiting from the extraction of oil or gas from shale or tar sands, while ramping up its investments in renewable energy.

National retirement income targets are needed to help savers understand whether they are putting away enough money for old age, the Pensions and Lifetime Savings Association (PLSA) suggests.

Trustees should take more interest in the development and use of biometrics the Pensions Administration Standards Association (PASA) says.

Nearly half (47%) of advisers have seen an increase in clients disagreeing with defined benefit (DB) transfer recommendations, according to Momentum Pensions.

Now Pensions has appointed Dalriada Trustees to its trustee board in order to resolve historic data issues, while Joanne Segars will also join later this year.

This week we want to know if the 0.75% charge cap makes it harder to offer a good auto-enrolment DC default fund and if asset managers need to be more innovative in the way they charge schemes.

Government and regulatory focus on costs and charges will shift to defined benefit (DB) schemes over the coming years, PTL has predicted.