News

The National Association of Pension Funds (NAPF) says it will continue to work closely with the Investment Management Association (IMA) following the disbandment of the Institutional Investor Committee (IIC).

Annuities are as difficult to explain as particle physics for most of the nation while only 5% of the population believe they could effectively describe pensions and key protection insurances.

Directors and managers at HSBC have been awarded £7.1m in shares under so-called fixed pay allowance arrangements which comprise of employees' fixed remuneration for 2014.

Santander has trimmed its UK defined benefit (DB) pension scheme obligation by £230m by introducing a cap on pensionable pay increases, according to the bank's half-yearly report.

The Pensions Regulator (TPR) has given the trustees and sponsors of the Brunel and Staveley pension schemes an extra three months to respond to a warning notice issued last year.

A new measure of inflation developed by the Office of National Statistics has had its official status downgraded a little over a year after it was first proposed.

Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.

Aegon UK has estimated the charge caps for auto-enrolment business will cost it between £20m to £25m a year, as it reported a 30% rise in pre-tax earnings for the second quarter.

More than four million employees have now been automatically enrolled in a workplace pension, according to The Pensions Regulator (TPR).

Welsh Assembly members (AMs) have set up a cross-party group to campaign for increased compensation for former Allied Steel and Wire (ASW) workers who lost pensions when the firm collapsed.