News

Employers do not need to retrospectively adjust holiday entitlement if a part-time employee changes their hours, the European Court of Justice (ECJ) has decided.

The Pension Protection Fund (PPF) Ombudsman has rejected attempts by a pension scheme to have £132,097 of interest on a late payment of its levy waived.

The Smiths Group has cut contributions to the Smiths Industries Pension Scheme (SIPS) by 60% after a dramatic improvement in funding levels allowed trustees to de-risk its investments.

Eurozone and Japanese equities will outperform the US market next year as their central banks start to move in very different directions, according to NN Investment Partners.

Interest rate and inflation hedging activity dropped by 24% and 27% respectively in the third quarter, according to BMO Global Asset Management's liability-driven investment (LDI) survey.

Leo Ring and Hannah Carter have joined PwC's pension and investment consulting team following the appointment of Nikesh Patel, who joined from BlackRock earlier this year.

The Pension Quality Mark (PQM) has launched a consultation on developing a kite mark for retirement income products.

The Consumer Prices Index (CPI) fell again by 0.1% last month, the ninth month running that inflation has been close to or at zero.

Newcastle upon Tyne Hospitals NHS Foundation Trust has saved more than £25,000 thanks to its car salary sacrifice scheme.

The Society of Pensions Professionals (SPP) has published two standardised reporting statements to help trustees and independent governance committees (IGCs) comply with recently-introduced governance requirements.