News

The new pensions minister Richard Harrington MP has committed to auto-enrolment (AE) and master trust regulation as he set out his priorities for the role.

Rumours about the government banning members from transferring their defined benefit (DB) pensions will only fuel the fire, the Association of Consulting Actuaries (ACA) has warned.

Trinity Mirror Group's defined benefit (DB) pension deficit has increased by £120.8m to £426m in the past six months, driven by a fall in long-term interest rates.

The Financial Assistance Scheme (FAS) service will close to new applications from pension funds on 1 September.

City Noble has closed down following its launch 18 months ago, after the independent advisory firm struggled to get enough business, PP has learned.

Total deficits of UK defined benefit (DB) schemes have reached an all-time high for the sixth month in a row, according to JLT Employee Benefits.

Some people could face losses in excess of £1,000 per month due to delays in increasing the Pension Protection Fund's (PPF) compensation cap, according to estimates.

The government should drop the 'triple lock' for state pensions as it will become unaffordable, former pensions minister Baroness Ros Altmann has said.

The Transparency Task Force (TTF) has appointed Robin Powell to campaign for transparency on costs and charges from asset managers.

Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.