News

Chancellor George Osborne has said he will cap the country's welfare budget each year for the next four years from April 2015 - but the state pension will not be included.

Mercer has hired Niall Clifford as principal and actuary within its expanding financial strategy group in one of five appointments.

UBS Global Asset Management has launched a local authority share class for its Multi-Asset Income Fund.

The 600 Group has closed its UK defined benefit scheme to future accrual and said it does not expect to make significant contributions to it in foreseeable future.

Financial Reporting Council senior investment adviser Peter Montagnon talks to PP

The Investment Management Association (IMA) is canvassing fund groups on how to counter the "very significant erosion of trust in financial services" amongst consumers, and has proposed introducing a 'statement of principles' for members.

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

The value of expressions of interest in the new 55-year gilt launched by the Debt Management Office (DMO) reached £12.8bn within the first hour of trading.

The Pensions Regulator's (TPR) code of conduct on defined contribution (DC) is scheduled to come into force in November this year.

The Financial Conduct Authority (FCA) will begin requesting data from annuity providers as part of its on-going investigation into the market.