News

The government and pensions industry have made no real progress in preparing people for the reality of retirement, PTL says.

The trustees of the £2.7bn UK Power Networks Group (UKPN) of the Electricity Supply Pension Scheme (ESPS) have hired Cardano as their investment adviser.

UK CPI inflation rose from 2.7% to 2.9% in June, with the largest upward contributions coming from petrol, clothing and footwear.

The Marriage (Same Sex Couples) Bill has passed its third House of Lords reading with an amendment committing the government to reviewing survivors' pensions for same sex married couples and civil partners.

M&G Real Estate has further diversified its fund with the purchase of an £88m shopping centre in Sutton Coldfield.

A high-profile court case to determine whether pension liberation schemes are illegal will begin on 16 July.

Servier Laboratories has appointed Aon Hewitt to provide a full range of services to its pension scheme.

The majority of pension fund managers plan to retain or increase their exposure to fixed income over the next three years, according to research from Aquila Capital.

The Pensions Policy Institute (PPI) has suggested a single rate tax relief of 30% would encourage more basic rate taxpayers to save for retirement with little cost to the government.

National Association of Pension Funds (NAPF) chief executive Joanne Segars has been elected chair of the shadow Local Government Pension Scheme (LGPS) advisory board.