News

The Federal Reserve's landmark decision to raise interest rates for the first time in almost a decade paves the way for the UK to follow suit. PP looks at what could be in store for schemes.

David Carstairs has been appointed business development director at Cartwright Group, as it looks to gain market share in the pension actuarial, consultancy and administration space.

The Pension Protection Fund (PPF) has made it easier for schemes to recertify some mortgage exclusions and asset backed contributions (ABCs) after a consulting on its levy rules.

The trustees of the WYG scheme have agreed with the sponsor to de-risk its remaining liabilities with the aim of reaching a full buyout next year.

Lincoln Pensions has appointed BDO's Richard Farr as a managing director.

Widely expected by industry

The government has kept the qualifying earnings band for auto-enrolment at £10,000, resisting calls to lower the trigger to get more people saving into a pension.

Legal and General (L&G) has entered the European pension risk transfer market with a €200m (£146m) transaction with Dutch insurer ASR Nederland NV.

Cambridge Associates has appointed Benoit Jacquemont as senior investment director as part of plans to expand its fiduciary management offering.

More people are on track with saving for retirement than at any point in the last two years, but the vast majority are still not putting away enough, research finds.