News

The Budget announcement that savers will have more flexibility over how they take their pension has instigated a surge in people engaging with their schemes online, according to a software provider.

Scottish Widows has unveiled its charging approach following Department for Work and Pensions (DWP) charges legislation.

Schemes will find out in seven days whether they will be able to extend their exemption to centrally clearing over the counter (OTC) derivatives.

Trustees have been warned of the risk of litigation involved in transferring members to schemes that offer drawdown.

The Treasury expects to net an extra £3.9bn between 2015 and 2020 as a result of tax reforms designed to facilitate the Budget freedoms.

Labinal Power Systems has introduced a voluntary benefits scheme to promote regular engagement with its workplace benefits.

Legal & General (L&G) has seen record growth in its annuity business following increase in demand for bulk annuities, according to the group's half yearly report.

The trustees of the Miki Travel Limited Pension & Assurance Scheme have secured a buyout with Pension Insurance Corporation (PIC).

Glassdoor has launched a benefits review service, allowing job seekers to compare benefits packages and perks at different organisations.

Pension funds are helping to drive transparency in the FX markets as broker-dealers are increasingly incentivised to move to electronic trading.