News

The Budget flexibilities will not hinder the government's plans for collective defined contribution (CDC), according to the Pensions Policy Institute (PPI).

The Pension Protection Fund (PPF) has set its levy estimate for 2015/16 at £635m, 10% lower than this year's total, and said there could be further reductions to come.

Pensions minister Steve Webb has warned he will keep a sharp eye on the pensions industry following the announcement of the Budget freedoms in March.

Boris Johnson has called for the UK's public sector pension schemes to be pooled into one sovereign wealth fund so money can be invested into Britain's infrastructure.

The National Employment Savings Trust (NEST) will review its investment strategy over concerns outcomes for members in its default fund could be affected by 2014 Budget.

The concept of retirement as we know it today may no longer have any use in the future if businesses are to fully adapt to an ageing workforce, a report argues.

The London Pensions Fund Authority's ("LPFA") assets grew by £196m in the last year, according to its 2013-2014 annual report.

Asset and fund managers are the least trusted of all financial services firms, according to research.

Pension funds vying for asset classes freshly introduced to the market could erode the expected returns, SEI has warned.

Terry Faulkner has been elected chairman to the OPDU advisory council. He replaces Peter Murray who announced his retirement.