News

The Pensions Regulator's (TPR) decision to publish a guide advising smaller employers to avoid trust-based defined contribution (DC) schemes has been slammed by the industry.

The Ministry of Justice (MoJ) is planning to merge 35 probation trust pension funds to a single fund hosted with the Local Government Pension Scheme (LGPS).

Fidelity has appointed Pitmans Trustees (PTL) to act as professional trustee of its newly created master trust.

The Association of British Insurers' (ABI) opposition to defined ambition (DA) is "unfortunate" and "premature", Hogan Lovells head of pensions Jane Samsworth has said.

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The Bank of England (BoE) has said it will not raise the base rate of interest before the unemployment rate falls to 7% and warned investors are still expecting rates to rise sooner than is likely.

The Financial Conduct Authority (FCA) has appointed Nick Poyntz-Wright as director of long-term savings and pensions.

Prudential has appointed John Foley to the newly created role of group investment director in a bid to strengthen the oversight of its financial investments.

A shortage of AA corporate bonds is leading to inconsistencies in the way FTSE350 companies calculate defined benefit (DB) deficits, Hymans Robertson says.

The aggregate pension deficit of companies on the FTSE100 has hit £43bn, despite strong returns on assets and employer contributions of almost £22bn over the year, says LCP.