News

The number of people saving adequately for retirement has hit an all-time low, while aspirations for pension income have risen, a Scottish Widows report has found.

Employers are potentially leaving themselves on the hook for significant unprotected retirement costs when closing defined benefit (DB) schemes.

Lady Barbara Judge will serve as chairman of the Pension Protection Fund (PPF) until 2016, after having her £60,000-a-year contract renewed by the Department for Work and Pensions (DWP).

Barnett Waddingham has promoted four of its associates to partner, bringing the consultant's total number of partners to 60.

Investec Asset Management (AM) has appointed former Investment Management Association (IMA) chief executive Richard Saunders as a non-executive director.

The results of this survey to will provide schemes and sponsors with a peer-to-peer assessment of the different businesses in the market.

Museum and gallery workers have taken part in ongoing national strike action over changes to civil service pension scheme terms.

The Royal Mail is planning to cap pensionable pay increases for members of its pension plan as costs escalate and privatisation looms, despite a liability transfer to the government.

This week respondents say they don't expect their schemes to become self-sufficient, voice support for a default fund charge cap, and say the UK system is not fit for the Champions League.

The pensions industry has vast expertise to offer to decision makers when creating policy.