News

The relationship between consultants and trustees must become more candid and challenging if real improvements are to be made, according to Redington director of strategy Paul Richards.

If industry-led initiatives to tackle cost transparency do not stand up to scrutiny the FCA will look to regulate.

The Financial Conduct Authority (FCA) has proposed to update the methodology used to calculate redress payments for unsuitable advice given on defined benefit (DB) transfers, saying the system needed to become more 'appropriate'.

Intelligent Pensions has hired Royal London's Fiona Tait as technical director as David Trenner steps down for retirement.

Cineworld has revealed it completed a buyout for its defined benefit (DB) pension scheme with Aviva Annuity UK last December at a cost of £4.8m.

The industry must change its mind-set that consolidation of defined benefit (DB) funds is too difficult, according to DB Taskforce chairman Ashok Gupta.

Pension Insurance Corporation (PIC) has appointed Giles Fairhead as its chief risk officer (CRO).

Punter Southall Administration Limited (PSAL) has appointed Sarah Newell as its operations manager.

The Pensions Regulator (TPR) has said it "strongly encourages" providers to apply for the master trust assurance framework in the run-up to the introduction of its authorisation powers.

The potential merger between Aberdeen Asset Management and Standard Life will give the combined firm the scale to compete effectively in the US.