News

Three investors have completed a deal to buy a two-third stake in Rothesay Life from parent company Goldman Sachs, after receiving regulatory approval.

The Department for Communities and Local Government (DCLG) has issued a consultation on its "generous" pension offer for firefighters.

Furniture superstore Ikea has announced a plan to pay bonus pension contributions totalling at €100m (£83.6m) per year into its defined contribution (DC) scheme provided the company reaches certain sales targets.

The Financial Reporting Council (FRC) has called for better 'comply or explain' disclosure from signatories of the UK Corporate Governance Code.

Pensions minister Steve Webb responds to an open letter from Linklaters partner Tim Cox on the money purchase consultation.

Nortel Networks has agreed to pay the trustee of its UK pension scheme $37.5m (£22.9m) to settle claims against its US firms.

BAE systems has entered into longevity swaps with Legal & General (L&G) covering £1.7bn of liabilities in two of its schemes.

Long term gilt yields remained largely unchanged following the US Federal Reserve's announcement that it would begin reducing its asset purchasing programme from January.

The Financial Conduct Authority (FCA) has fined insurance broker JLT Specialty £1.8m for an "unacceptable" approach to bribery & corruption risks from overseas payments.

The Regulatory Policy Committee (RPC) has condemned the Department for Work and Pensions' (DWP) consultation on a pension scheme charge cap as ‘not fit for purpose'.