News

The government will consult on reforms to the Local Government Pension Scheme (LGPS) to "achieve better value for money for taxpayers", local government minister Brandon Lewis has announced.

Schroders has launched a de-risking service for smaller-sized schemes and focussing on increasing funding level protection.

Prime Minister David Cameron faces a backbench rebellion today over a bill that would extend marriage to same-sex couples, as opponents have tabled an amendment that would add £3bn to public sector scheme costs.

The Pension Protection Fund (PPF) is considering a review of its plan to become "broadly self-sufficient" by 2030 in light of a deteriorating economic outlook.

Consultants Barnett Waddingham has appointed Damien Stancombe as partner to lead the firm's defined contribution (DC) and employee benefits team.

UK schemes have slashed equity allocations to below 40% in the past year, bringing portfolios more in line with their European counterparts, according to Mercer.

The pensions industry must prove to government that it is "part of the solution to the pensions issue and not the problem," the director of life, pensions and savings for the Association of British Insurers (ABI) has said.

Insight Investment has hired Paul Trickett as a non-executive director subject to Financial Services Authority (FSA) approval.

Shilling Communication has hired three technology specialists in order to boost its digital offering.

The National Society for the Prevention of Cruelty to Children (NSPCC) Pension Scheme has tied up a £63m buy-in with Pension Insurance Corporation (PIC).