News

The Local Government Pension Scheme (LGPS) and other public sector schemes should consolidate to become "one of the world's largest sovereign wealth funds", London Pension Fund Authority (LPFA) chairman Edmund Truell says.

An employer auto-enrolling its staff at the end of November was forced to reverse its payroll after a Scottish Widows error led to last-minute changes in its fee structure.

Industry experts have welcomed The Pensions Regulator's (TPR) update on conditional data but bemoaned its plan not to set stringent targets for schemes.

Trustees are being oversold esoteric asset-backed contribution structures (ABCs) and find it difficult to compare what they are giving up as part of the transactions, Lincoln International Pensions Advisory claims.

Government and industry must step up efforts to tackle retirement challenges, Zurich says.

Standard Life has announced an alliance with Broadstone Corporate Benefits to deliver packaged auto-enrolment (AE) services to small and medium enterprises (SMEs).

The Carillion Defined Benefit (DB) Pension Trustee has agreed a longevity swap with Deutsche Bank covering £1bn of liabilities within its five schemes.

Financial Reporting Council (FRC) director of audit policy Marek Grabowski has been appointed to the International Auditing and Assurance Standards Board (IAASB).

Schemes concluded a record £3.9bn of buyouts and buy-ins in the third quarter of 2013, says JLT Employee Benefits.

Auto-enrolment (AE), the rise of defined contribution (DC) schemes and increased focus on improving annuities will put savers at the heart of pensions in 2014, Fidelity says.