News

The Pensions Regulator (TPR) has told public sector schemes to improve their governance standards after research found just 28% had a plan to comply with recent reforms.

Pension Insurance Corporation (PIC) has invested £75m in debt issued by Virgin Atlantic Airways (VAA) secured against the airlines landing slots at Heathrow Airport.

The Treasury has said it wants to make financial advice mandatory for sales of annuities on the secondary market.

Households headed by someone aged between 65 and 74 now hold more wealth on average than those aged 16 to 44, according to research by the Resolution Foundation.

The Institute of Chartered Accountants Staff Pensions Fund has insured £30m of liabilities through its second medically underwritten buy-in in under two years.

Erik Hulshof has been made an executive director at Kempen Fiduciary Management and will be based in London.

Book by Lawrence Gosling

More than one third of pension schemes experienced fraud this year as risks to members were increased by the introduction of the April freedoms, according to research by RSM.

The Pensions Regulator (TPR) has published guidance on integrated risk management that advisers say will serve as a "wake-up call" to trustees of defined benefit (DB) schemes.

BT Pension Scheme (BTPS) has pulled its inflation-linked bond mandate from Hermes Investment Management, cutting assets under management (AUM) at the business - which it still owns - by more than a quarter.