News

The Pensions Regulator (TPR) will take action on poor scheme governance after its research found despite improvement among larger schemes, many trustee boards are failing to meet their duties.

The Department for Work and Pensions (DWP) wants to improve the disclosure of costs and charges to defined contribution (DC) members and will consult on this in the future, policy manager David Farrar says.

Schroders has launched a global multi-factor equity fund for defined contribution (DC) schemes in a bid to provide an investment strategy which targets consistent outperformance in a risk-controlled way.

Good pension scheme governance relies on the skills, diversity and knowledge of the trustees, the Pensions and Lifetime Savings Association (PLSA) has argued.

Defined benefit (DB) transfer values rose steadily over August, increasing from £230,000 at the beginning of August, to £237,000 by the end of the month, according to Xafinity.

The embattled multi-employer Plumbing & Mechanical Services (UK) Industry Pension Scheme has purchased a £560m buy-in with Legal & General (L&G).

The Association of British Insurers (ABI) has said legislation will be required to ensure the pension dashboard has wide enough coverage so it can work for everyone.

The Communication Workers Union (CWU) will ballot its members on strike action over Royal Mail's plans to close its defined benefit (DB) scheme.

Royal London Asset Management (RLAM) has become the latest asset manager to sign up to the £217bn Local Government Pension Scheme's (LGPS) code of transparency.

Investment advisory firm Fundhouse has made a push for transparency after disclosing how well the funds it advises clients to invest in are performing compared to benchmarks.