News

UK shares held on to modest gains this morning after the final reading for UK GDP growth in the first quarter was held at 0.8%.

Pensions and restructuring lawyers increasingly see the powers of The Pensions Regulator (TPR) as a hazard to scheme sponsors, according to research from PwC.

Respondents to the government consultation on defined ambition (DA) pensions may have changed their minds on key issues after the changes announced in the Budget, says the Society of Pension Consultants (SPC).

The 2014 Pension Schemes Bill, which will provide the legislative framework for arrangements that share risk between scheme members and sponsors, has been laid before parliament.

The majority of people approaching retirement want to get their guaranteed guidance from financial advisers or established consumer organisations not pension providers, research shows.

Almost 50% of pension schemes do not have written policies on responsible investing, according to the Association of Member-Nominated Trustees (AMNT).

Legal & General has added James Lumb to its bulk annuity and longevity insurance team.

Trustees must distinguish between financial and non-financial factors when thinking about ethical and environmental, social and governance issues (ESG), the Law Commission says.

Pensions tax-reliefs need to be reformed further in a bid to make the system simpler, more affordable and fairer, scheme managers and human resource professionals say.

Employers showed a "lack of interest" in proposals to give them greater flexibility over defined benefit (DB) schemes, says the Department for Work and Pensions (DWP).