News

M&G's property arm will ditch the name Prudential Property Investment Managers (Prupim) in favour of M&G Real Estate at the end of June, as it continues to build its third-party business.

Legal & General Investment Management (LGIM) has appointed Siobhan Boylan as chief financial officer.

AXA Investment Managers (AXA IM) has appointed Herschel Pant as UK and European consultant relations manager.

Ronnie Taylor, managing director of workplace at Standard Life, has become the third head to leave the role since 2011.

Pensions minister Steve Webb has urged the European Commission to scrap its Solvency II-style proposals for pensions after official figures estimated they would cost UK schemes £450bn.

UK defined benefit sponsors would have to pump €527bn (£448bn) into schemes to meet funding requirements proposed by the European Commission, says the European Insurance and Occupational Pensions Authority.

The government of Prime Minister Margaret Thatcher made several major changes to the UK pensions system. Professional Pensions takes a look at some of the milestones.

Private sector deficits increased last month for the first time this year after slower growth in equities, research from the Pension Protection Fund shows.

Trustees' focus on maintaining service level agreements for transfers is hampering efforts to detect and stop pensions liberation scams, administrators warn.

The West Midlands Pension Fund has launched an online portal for its members and employers which provides secure access to its Local Government Pension Scheme records.