News

Former shadow pensions minister Gregg McClymont has been hired by Aberdeen Asset Management to the newly-created role of head of retirement savings

The National Employment Savings Trust (NEST) quadrupled its assets under management over the year to the end of March to £420m, according to its annual report.

Adrian Boulding has been appointed as director of policy by Now Pensions.

Industry figures have warned the green paper on pensions tax relief published last week is "not a genuine consultation" as the government has already decided on the outcome.

The government should ensure a decent guaranteed income is the default option for defined contribution (DC) retirees according to the Strategic Society Centre.

Pat Sharman has joined KAS Bank as director of pensions as the Dutch custody bank looks to expand its footprint in the UK pensions sector.

Lobby group ShareAction has urged policymakers to stop imposing "heavy-handed" regulation after its research has found the UK pensions sector is "creaking".

There has been a persistent fall in defined benefit (DB) pension scheme deficits over the past quarter, according to official data.

The UK's inflation rate fell back to zero last month, down from 0.1% in May, as the prices of clothing, fuel and food all fell.

The Chartered Institute for Personnel and Development (CIPD) has announced more details about its support service for small businesses which WSB exclusively revealed in May.