News

The Pensions Ombudsman (PO) Tony King has ordered Prudential to provide a transfer request to a member wishing to move his funds into a newly-created pension scheme.

An initiative has been launched to check pension schemes are fulfilling legal duties to protect investments from financial risks posed by climate change.

Lay people will struggle to use Pension wise without having additional support according to Aon Hewitt client relationship manager David Pharo.

Schemes should look to US floating rate loans, high yield and municipal bonds for higher returns in the flattened yield curve environment, according to Eaton Vance.

The Financial Reporting Council has launched a consultation on amendments to accounting standard FRS102 in a bid to simplify rules surrounding share and share option awards for smaller firms.

Ros Altmann is to be nominated as a Conservative peer and will be made a minister with responsibility for consumer protection if the party wins next month's general election.

Chancellor George Osborne's 2014 Budget announcement that people could cash in their defined contribution (DC) pots has boosted the popularity of the Conservative party, according to research.

The Pensions Ombudsman (PO) has dismissed complaints against Legal and General (L&G) and Scottish Widows after they granted transfer requests worth over £50,000 to a suspicious pension scheme.

Regardless of who is in power after the general election, higher earners are going to see their pension contributions taxed more heavily, according to analysis.

Just one in five large Career Average Revalued Earnings (CARE) schemes remains open to new members according to research from Barnett Waddingham.