News

Source Pensions has added a range of low-cost Vanguard tracker funds to its online occupational defined contribution platform.

Aviva is to cut more than 6% of its global workforce with 2000 roles across the UK, Europe and Asia being made redundant.

Barclays Corporate and Investment Bank chief executive Rich Ricci is to retire from the company, weeks after receiving a £17.5m bonus.

Dairy Crest has used £60m worth of maturing cheese to back its pension liabilities after trustees raised concerns over the sponsor covenant following the £341m sale of spreads business St Hubert.

Union Prospect has called for a study into the possibility of creating a separate state pension age for Scotland.

Sainsbury's has announced it is consulting staff members on closing the company's defined benefit scheme to future accrual.

Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.

The London Pension Fund Authority (LPFA) has made three director appointments, with the aim of driving forward infrastructure investment and liability management within the fund.

Debenhams has cut its defined benefit deficit by more than a half in the last six months as it shifts its investment focus, its half year results show.

Schemes fighting court cases are being forced to walk an investment "tightrope" in the Pension Protection Fund assessment period as they struggle to secure better than PPF-level benefits.