News

The Local Government Pension Scheme's (LGPS) 89 funds will be pooled into six British wealth funds to invest billions in infrastructure, the Chancellor has revealed.

Aon Hewitt has joined the defined contribution (DC) master trust market, launching a service aimed initially at existing schemes with £20m or more in assets.

The Pension Regulator's revised code of practice for defined contribution (DC) schemes to be consulted on later this year will be half the length of the current manual.

Legal and General (L&G) has completed its first bulk annuity deal in the US, entering a joint agreement with Prudential Insurance Company of America to insure $900m (£595m) of liabilities in the Royal Philips scheme.

Veolia is launching a global share scheme for its 120,000 employees in 20 countries worldwide.

Top stories on the website this week include a dramatic increase in mortality rates, an overhaul of the FCA's at retirement rules, and a dire warning about the UK pension system.

The Department for Work and Pensions has announced the launch of a toolkit to help employers manage an ageing workforce as part of Older Peoples Day.

Mindfulness training can reduce stress and absenteeism, a report has concluded following a series of parliamentary enquiries.

Macmillan Cancer Support and the Trades Union Congress (TUC) have issued guidance for supporting staff with cancer at work.

The Financial Conduct Authority (FCA) has said it is concerned providers' projections of what pension savers can expect to receive in retirement if they buy certain products are too high, and it wants to standardise the process.