News

A national debate is needed to consider whether the investment approach of defined benefit (DB) schemes is storing up problems for the future, Institute of Chartered Accountants of Scotland (ICAS) president Sir Brian Souter has said.

An increased volume of enquiries has led British Airways (BA) Pensions to temporarily suspend transfer values for active members.

The Pensions Ombudsman (TPO) and the Financial Ombudsman Service (FOS) have signed an updated version of their Memorandum of Understanding (MoU) to improve co-operation and exchange of complaints information.

This week's top stories include regulations which could see master trusts paying up to £67,000 for authorisation and the University of Warwick's vice-chancellor attacking Universities Superannuation Scheme closure plans.

The aggregate deficit of the UK's defined benefit (DB) schemes rose to £450bn over the course of November, PwC's Skyval index has recorded.

A "special" evidence hearing will be held by the Work and Pensions Committee (WPC) in order to probe "questionable approaches and unsuitable advice" given to British Steel Pension Scheme (BSPS) members

A lecturer starting work today could be £208,000 worse off over the course of their retirement if Universities Superannuation Scheme (USS) proposals take effect.

QMA - the quantitative equity and dynamic asset allocation business of PGIM - has hired John Gee-Grant to the newly created role of head of international distribution and global consultant relations.

PP research provides experts' verdicts on the Budget and investment risk

Fewer than half (44%) of employers oppose increases in minimum automatic enrollment (AE) contributions above 8%, according to an Association of Consulting Actuaries (ACA) study.