News

The range of accounting assumptions used by scheme sponsors to value pension liabilities narrowed significantly last year, according to research from KPMG.

BP Pension Trustees chief executive officer (CEO) Sally Bridgeland has left the business and will assume "portfolio roles" after a break in her career, a spokesman has confirmed.

The Pensions Regulator (TPR) and Pension Protection Fund (PPF) are investigating the pre-pack insolvency of Astracast over concerns the firm's owner has dumped its scheme on the lifeboat fund.

Average salaries of pension professionals are out of line with market rates following a sustained period of salary freezes, Sammons says.

Employee Benefit Consultants (EBCs) are forecasting growth in the group income protection (GIP) market with one in three expecting sales to increase this year, research has found.

Companies will be forced to reveal who their true owners are on a public register as part of government plans to tackle "the darker side of capitalism" unveiled by business secretary Vince Cable.

The Financial Reporting Council (FRC) will work in conjunction with other regulators to develop actuarial assessment and quality standards in the coming year.

Annie Healy has joined BESTrustees as head of business development.

LCP has appointed former Aon Hewitt regional operations director Suzanne Taylor as a senior consultant within its pensions administration team.

The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.