News

The pensions industry must work together to establish an efficient and consistent transfer method or risk having a poorer version inflicted upon it by the regulator, Tom McPhail has said.

Incorrect benefits top the list

The US Federal Reserve has said it will end its purchases of government bonds in October, bringing to a close the quantitative easing (QE) experiment.

The Bank of England (BoE) has kept interest rates at a record low of 0.5% for the 65th consecutive month.

The Merchant Navy Officers Pension Fund (MNOPF) has tied up a £1.3bn buyout of its old section that includes a one-off discretionary increase for all members.

The Pension Protection Fund (PPF) is cutting its allocation to cash and bonds to set up a hybrid asset portfolio that will account for 12.5% of its investments.

Sackers senior lawyer Ralph McClelland has been promoted to associate director.

More than 1.2 million UK employees saved into a Save As You Earn (SAYE) scheme in 2013, with a further million participating in a Share Incentive Plan (SIP), findings reveal.

Almost two thirds (65%) of managers feel under pressure to work extra hours with just under half (47%) typically working one day of overtime per week, research reveals.

STV has agreed an accelerated deficit recovery plan with trustees of its two defined benefit (DB) schemes after protracted negotiations.