News

Tesco has seen its defined benefit (DB) deficit rise after asset rises failed to halt liability increases with a fall in the discount rate.

The Financial Reporting Council (FRC) has published a consultation on possible amendments to the UK Corporate Governance Code on executive remuneration.

Metlife has appointed Tom Gaynor as employee benefits director in a bid to expand its UK benefits business.

The Information Commissioners Office (ICO) has published a draft code of practice for data controllers, including pension scheme trustees, on conducting privacy impact assessments (PIA) before undertaking data exercises.

Trustees of the Philips Pension Fund have exchanged holdings of gilts and cash for a buy-in covering £484m of the 33,000-member scheme's liabilities.

There is a low positive correlation between the average performance of European asset managers and net inflows into their funds, research from Fitch shows.

The success of national pension tracking systems in Denmark, Finland, Sweden and the Netherlands could provide a model for the rest of the continent, say European actuaries.

JP Morgan Asset Management (JPMAM) has launched a dedicated defined contribution (DC) business for the UK market.

Heating and plumbing giant Wolseley has seen its UK defined benefit (DB) deficit fall 90% due to strong asset rises, as the scheme closes to future accrual.

A rise in corporate bond yields has wiped out marketing and publishing conglomerate St Ives' £20m deficit, its final results show.