News

An additional £19.5m will be provided in 2015-16 to support pensions freedoms and Pension wise service as part of today's Budget announcements.

Chancellor George Osborne has confirmed the lifetime allowance will be reduced from £1.25m to £1m, netting the Treasury an extra £600m a year.

The burden on companies of plugging defined benefit (DB) pension scheme deficits may be hurting business investment, according to the Bank of England (BoE).

The FCA banned the sale of traded life policy investments to mass market retail investors - claiming they are ‘toxic' products that pose significant risks to investors. A market in second hand annuities will pose similar risks.

The Office for National Statistics (ONS) has updated the basket of goods used to calculate inflation to include e-cigarettes, craft beer and subscriptions to music streaming service Spotify.

PP looks at a decade of cuts

The defined benefit (DB) pension scheme deficit of FTSE 350 retailers has grown 30% in the past year, according to the latest figures.

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.