News

In this week's Pensions Buzz we asked if, following the announcement that Smart Pension and Legal and General are developing the first default retirement pathway combining annuities and drawdown, other providers should follow suit.

University College Union (UCU) and Universities UK have appointed Joanne Segars to chair the joint expert panel to examine the valuation of the Universities Superannuation Scheme (USS).

The Pensions Regulator (TPR) was right to use its powers to seek financial support from ITV for members of the Box Clever pension scheme, the Upper Tribunal has said.

All 6,000 UK schemes had a surplus of £361bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

Research highlights confusion about where responsibility to support members on transfers lies. Kim Kaveh looks at the key findings

This week's top stories include Prudential slashing the size of its corporate defined contribution business, and National Grid's £2bn longevity swap with Zurich.

The pensions watchdog has appointed enforcement officers to seize assets from employers who fail to pay fines relating to their schemes. Victoria Ticha asks if this is the right approach

The combined IAS 19 accounting surplus of Royal Mail's defined benefit (DB) schemes fell to £2.2bn in March from £3.8bn a year ago, according to its annual report.

Xafinity has rebranded to XPS Pensions Group following its acquisition of the actuarial consulting, pensions administration and investment consulting businesses of Punter Southall Group earlier this year.

The Marks and Spencer (M&S) Pension Scheme has insured around 15% of its pensioner liabilities through two bulk annuity insurance policies with Aviva and Phoenix Group.