News

Annuities have become the new focus for complaints according to figures from the Financial Ombudsman Service (FOS), a year after the product was publicly abandoned by the Chancellor.

Premier Foods saw the deficit in its defined benefit pension schemes fall by almost two thirds in the 15 months to April, after its hedging strategy paid off handsomely.

Expectations that low oil prices could trigger a period of deflation have been met after the consumer prices index (CPI) weakened to -0.1% for the year to April 2015.

More ex-spouses may seek financial orders to go after their former partner's pension as a result of the freedom and choice reforms introduced in April.

Grafton Merchanting GB is launching a low emission salary sacrifice car scheme for its 4,500 staff.

The £14.4bn National Grid UK Pension Scheme is to sell its captive asset management business Aerion Fund Management.

Gavin Moffatt has been made associate by City Noble.

Simon Kew has joined Deloitte's corporate finance pension's team as an assistant director.

Richard Pettit has been made partner at Burges Salmon, bringing the number of pensions partners at the firm to six.

Some asset managers are failing to use their voting rights to properly steward pension assets and are not being sufficiently transparent, according to a report by ShareAction.