News

The Bank of England's decision to cut interest rates for the first time in seven years will keep gilt yields lower for longer, increasing scheme deficits which are already at record highs.

Paul Trickett has joined Aviva Life as a non-executive director, after stepping down from a number of trustee roles.

Royal Bank of Scotland (RBS) has resumed talks with unions over national insurance (NI) contribution costs being passed onto its 27,000 defined benefit (DB) scheme members.

Transfer values hit a new high in July 2016, as gilt yields fell to a record low, according to Xafinity.

Labour leadership challenger Owen Smith has pledged to reform pensions tax relief should he become prime minister.

Additional QE and bond purchases

The Insolvency Service has wound up a pension liberation company which helped savers access their funds earlier than allowed, following a High Court battle.

Cosan Consulting has hired John Reeve as a director, after he had worked at Premier for nine years.

Greggs' defined benefit (DB) pension deficit soared by £12.3m over twelve months, its interim report has revealed.

The government should give the regulator more powers to prevent companies from avoiding defined benefit (DB) deficits, according to a Pensions Institute report.