News

International rules designed to bring transparency to the opaque derivatives market could backfire by imposing heavy costs on pension funds and force them to abandon hedging strategies, the industry's trade body warns.

The Chancellor's plans to bring forward the implementation of the single tier state pension from 2017 to 2016 will accelerate the decline of defined benefit schemes, experts warn.

Chancellor George Osborne is unlikely to give the green light to pension scheme smoothing in the Budget on Wednesday, after the industry and lobby groups rejected the proposals.

Wandsworth Council has criticised London Pension Fund Authority's proposals to merge the capital's local government pension scheme funds.

Pooling London's local government pension scheme assets under London Pension Fund Authority's investment strategy would erode funds' value by £1bn, Wandsworth Council says.

Pensions Buzz is a weekly survey of the pensions industry. Today respondents reveal what they want to see in next week's Budget.

Investors piling into European high yield debt are ignoring declining yields and weakening outlook, S&P Capital IQ warns.

The Pensions Advisory Service chief executive Marta Phillips OBE will step down from her role in the summer.

Outgoing Bank of England governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.

Investec Asset Management chief executive Hendrik du Toit, managing director of UK distribution David Aird and other senior employees are to acquire a 15% stake in the business for £180m.