News

United Utilities has revealed plans to close its defined benefit scheme to future accrual, says GMB.

Freedom and choice could become the "next big mis-selling scandal" unless support offered to retirees is improved, warns a powerful group of MPs.

Public equity markets are becoming much riskier than private equity with flash crashes and higher volatility, according to Greater Manchester Pension Fund (GMPF) investment manager Neil Cooper.

The Environment Agency Pension Fund (EAPF) has become the first scheme to commit its investments to the international target to limit global warming to two degrees.

Investors in Europe will be offered access to three responsible fund strategies for the first time say Nuveen Investments and TIAA-CREF.

Two thirds (63%) of employees have made no financial provision for their future despite 81% of employees grappling with everyday financial challenges.

The biggest stories on the site this week include a suspected £14m fraud, deflation, and a dire threat about meddling with tax relief.

Concerns are growing about a rise in scams since the launch of pension freedoms six months ago.

Pensions must be made simpler to appeal to ordinary savers, according to Lesley Williams, incoming chair of the Pensions and Lifetime Savings Association (PLSA).

Defined benefit (DB) schemes need to deploy different communications methods if members are to understand options such as transfers to defined contribution (DC) schemes.