News

Guy Coughlan has been appointed chief financial risk officer at the Universities Superannuation Scheme (USS).

The Lothian Pension Fund has announced its deficit almost tripled to £417m over the last three years as the scheme continues to bring more asset management in house.

Drawdown products must be designed around member engagement as investment solutions "cannot be a panacea", according to RBS head of group pensions Carol Young.

There is a risk that pensioner poverty will increase after the implementation of freedom and choice from next month, according to a leading think tank.

Kate Byers and Lucy Herbert have been hired by law firm Irwin Mitchell.

More than half of company decision makers admit that they believe women of childbearing age are discriminated against because they may have a child in the future.

The Pension Liberation Industry Group has published a code of good practice for combating pension scams to help trustees dealing with suspicious transfer requests.

The pensions industry supports a default option when members hit retirement according to a consultation by the National Employment Savings Trust (NEST).

Asset price volatility means pensioners on drawdown could suffer annual income drops of up to 50% which could hit living standards, warns the International Longevity Centre-UK (ILC-UK).

Plans to allow pensioners to sell their annuities for cash must be considered carefully to prevent rip-offs and poor deals, industry participants have warned.