News

The aggregate deficit of defined benefit plans (DB) fell by £15.5bn over last month to £226.5bn according to the Pension Protection Fund's (PPF) latest update.

More than half a million employers have now been brought into the auto-enrolment (AE) regime with over 7.6 million people now saving in a pension.

Origo has announced a new governance structure to provide a clear distinction between its 'standards and governance' services and operational services such as its £100bn Options Transfers service.

The Department for Work and Pensions (DWP) has launched a consultation which considers allowing contracted-out pensioner members to transfer to schemes which have never been contracted-out.

Some pension schemes could be paying investment managers 70% more in fees compared to six years according to Lane, Clark and Peacock (LCP).

Pitmans Trustees (PTL) has appointed Donny Hay as a client director in a small expansion of its team.

Lane Clark & Peacock (LCP) has promoted ten of its staff to partner.

This week we want to know if TPR is becoming more heavy-handed and whether its new investment guidance will help defined benefit trustees set better investment strategies.

This week's top stories included the ombudsman's ruling that wording in the Local Government Pension Scheme rules did not allow it to retain a fraudster's pension.

The Insolvency Service has shut down two trustee companies after an investigation found they had failed to seek independent investment advice, comply with their own governance statements, and adhere to regulation.