News

Partnership has taken immediate action to control costs after predicting its individual annuity sales would fall 50% following the Budget.

The trustee board of the Universities Superannuation Scheme (USS) has appointed Kirsten English as an independent non-executive director from 1 May.

Workplace Challenge and the British Heart Foundation are launching a training course to help employers develop their health and wellbeing initiatives to improve workforce health.

Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.

The industry wants government departments to work together more closely to avoid undermining the pension system through inconsistent policies.

The Investment Management Association (IMA) has called on members to "abandon" the use of annual management charges (AMCs) on any literature following the Financial Conduct Authority's guidance on fund fees.

Trustees of the RetailLink Management Limited pension plan have put in place a deal to buy out the £35m scheme over the next four years.

The promise of guidance at retirement "does not go far enough" and a new form of retirement-focused advice must be created by the regulator, according to Royal London.

Royal London new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefitting significantly from auto-enrolment.

Workers who have been auto-enrolled do not have high expectations for their pensions, with just one in five believing they will save enough to retire in comfort, research finds.