News

The Northern Ireland Assembly has voted to delay changes to the Local Government Pension Scheme (LGPS) benefit structure to April 2015.

Former Royal Bank of Scotland head Stephen Hester is to join insurer RSA as CEO with immediate effect.

The London Pensions Fund Authority (LPFA) has revealed it has a shortfall of just over £3bn and is 61% funded on a swaps + 0% valuation basis.

The industry is facing a ‘capacity crunch', due to pace and volume of regulatory change, says the National Association of Pension funds (NAPF).

Almost half of employers believe an independent Scotland should introduce tax breaks for organisations that offer workplace health and wellbeing programmes.

Almost a third of Scottish businesses (32%) would support auto-enrolment (AE) and a nationalised pension provider in Scotland even if it votes for independence in September, according to JLT Employee Benefits (JLT EB).

Four schemes have joined P-Solve's delegated defined contribution (DC) service over the last six months, totalling at £70m of assets.

Scheme assets hit an all-time high in 2013, increasing 13% over the last year to £2tn and making the UK the world's second largest pensions market, according to Towers Watson.

The Pensions Administration Standards Association (PASA) is working on a new code of conduct for 2014 which will be focussed on the management and reporting of errors.

Trinity Mirror injected an extra £9m into its pension scheme in December following stronger than expected cash flows in 2013, updated figures show.