News

Defined benefit pension liabilities of FTSE 350 firms hit record highs in October as falling bond yields pushed them past £700bn for the first time.

Chris De Marco has been appointed head of institutional client management and strategy by Legal & General Investment Management (LGIM).

Tate & Lyle Group Pension Scheme has agreed contingent funding arrangements that will trigger payments to the scheme if investments perform poorly or the employer covenant is weakened.

HM Revenue and Customs (HMRC) has received an unexpectedly low volume of queries from schemes that have obtained data as part of its Scheme Reconciliation Service.

Louise Fulford has been appointed head of administration by Now Pensions.

Global pooling of risk benefits provides multinational companies with an average dividend return of 6.1%, research finds.

The Financial Ombudsman Service has ordered Legal and General (L&G) to compensate two customers who transferred out of defined benefit schemes following "unsuitable" advice.

Thousands of savers face being hit with fines from the taxman for using their pension like a cash machine for the first time.

Demand for drawdown is likely to increase by a factor of five when retirement freedoms kick-in, causing a market ‘capacity crunch', Standard Life has warned.

Defined contribution (DC) schemes at some of the UK's biggest firms are beginning to diversify default funds according to research from Schroders.