News

The European pensions regulator has decided not to pursue an EU-wide capital regime which is being hailed as good news for UK schemes.

LV= chief executive Mike Rogers has announced his intention to step down after ten years in the role.

The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.

The Pensions Regulator (TPR) has revealed its top ten priorities until 2019 in its corporate plan.

Bentley Motors has been criticised over plans to pass £1.4m of national insurance (NI) costs onto the 1,300 members of its defined benefit (DB) pension scheme.

The pensions minister has called on the industry to devise a standardised document to present members' defined contribution (DC) savings in the same format.

The number of defined benefit (DB) industry professionals has declined by just 4% over the past five years according to the Pensions Management Institute (PMI).

Redington has hired Jinesh Patel as vice president of its defined contribution (DC) and financial wellbeing consulting practice.

A majority of respondents believe the British Steel Pension Scheme will end up going into the lifeboat fund.

The Pensions Regulator (TPR) has launched for consultation a series of guides to help trustees implement its revised defined contribution (DC) code.