News

Legal and General (L&G) has announced a major restructuring that will see its defined (DC) contribution platform being moved into the group's investment business.

The Financial Conduct Authority has issued rules for pension providers on directing customers to the guidance service at the point of retirement.

Top stories on PP this week have included a potential £2bn windfall for sponsors, a complex £2.5bn buyout, a government U-turn on freedom and choice and calls for a drawdown fee cap. Here's what you might have missed.

Employers are facing communication challenges highlighted by employees' lack of financial knowledge when implementing flexible benefit schemes.

More than half of retirees could be at risk of making poor decisions with their defined contribution (DC) savings by 2024, warns the Pensions Policy Institute.

Nigel Stapleton has been appointed as chairman of the National Grid's UK pension scheme with effect from 1 November 2014.

The TRW Pension Scheme has secured a £2.5bn pensioner buyout with Legal & General (L&G) after a year-long liability management project involving pension increase exchange (PIE) and enhanced transfer value (ETV) exercises.

The Financial Conduct Authority (FCA) plans to cut the adviser guidance guarantee levy by 50% and announces tougher rules on bodies delivering guidance.

Mercer has appointed Ben Gunnee to UK head of fiduciary management to help grow the business.

Employees at Bernard Matthews Farms will have access to a salary sacrifice car scheme using low emission vehicles aimed at maximising savings.