News

Dairy producer Adams Foods has appointed Punter Southall to provide administration support to its pension scheme as it outsources for the first time.

The Financial Reporting Council (FRC) has published a "significant amendment" to auditing standards, aimed at improving transparency of financial statements.

Insurers are expected to "dramatically increase" exposure to a wider range of asset classes in the next five years, according to research from ING Investment Management (ING IM).

Consumers' knowledge of annuity options is good but there is "plenty of room for improvement" following the launch of the Association of British Insurers' (ABI) annuity code, the organisation says.

The abolition of consultancy charging could open up opportunities for advisers according to Scottish Widows chief executive Toby Strauss.

Pensions minister Steve Webb says current at-retirement processes are outdated and asked whether the industry must "do decumulation differently."

Pensions minister Steve Webb has confirmed that an update for the defined ambition (DA) project will be published in the summer.

Industry figures could not agree on whether the pensions market should move towards offering fewer, large scale products to employers.

Movements in financial markets have a far greater impact on investment fees paid by schemes than manager performance, according to research from LCP.

The National Employment Savings Trust (NEST) has more than doubled its membership figures within the last month, according to its latest figures.