News

Government proposals to reduce inflation protection for the British Steel Pension Scheme (BSPS) could reduce its liabilities by an extra £1.5bn than experts have anticipated.

Total deficits of defined benefit (DB) schemes exceeded £300bn for the first time in May reaching record levels, according to JLT Employee Benefits.

The pensions industry must move away from a product mind set to deliver better outcomes for members according to Jonathan Watts-Lay.

Aegon has called for the introduction of triggers for automatically increasing pension savings to tackle the issue of people not contributing enough.

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Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.

Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.

AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers' first point of contact for the firm's drawdown products.

Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.

Adam Grainger has been appointed chief operating officer of European defined contribution (DC) business at State Street Global Advisors (SSGA).