News

Barnett Waddingham has been appointed to provide investment consultancy services to the £850m Thomas Cook Pension Plan.

Last year saw a big increase in the number of people attempting to find lost pension pots through the government's Pension Tracing Service, according to official statistics.

The Department for Work and Pensions (DWP) has opened a consultation on proposed changes caused by the abolition of contracting out of the additional state pension by defined benefit (DB) schemes.

Legal & General (L&G) enjoyed a record quarter for bulk annuity business at the beginning of 2014, writing more than £3bn in new business according to the firm's quarterly results.

Imperial Tobacco has agreed a £65m-a-year recovery plan, to eliminate the deficit of the Imperial Tobacco Pension Fund by March 2028.

The combined deficit of schemes at FTSE 350 firms climbed to £111bn in April as falling bond yields and rising inflation expectations cancelled out stock market gains, says Mercer.

The government has published amendments to the definition of money purchase benefits, which will take effect in early July.

Barnett Waddingham has appointed Julia Turney as head of strategic development in its workplace benefits team.

JLT Employee Benefits (JLT EB) has named Ian Burns as director of investment consulting.

Pensions communications are failing to break down complicated issues for savers, according to research.