News

Richard Favier OBE is to step down from his role as head of restructuring and insolvency at the Pension Protection Fund in July 2013.

Supermarket giant Morrisons has seen its two defined benefit schemes swing from surplus into deficit after lower returns on assets, its final results show.

Defined contribution schemes have serious defects which must be tackled by employers, government and the pensions industry to help address the nation's ageing population, an influential House of Lords committee warns.

Newspaper group Trinity Mirror has almost quadrupled the amount of de-risking insurance contracts it holds as discount rate falls increased its deficit, its final year results show.

Pensions Policy Institute director Niki Cleal will step down from her role after seven years in the position.

Total bulk annuity business in by the end of 2012 was £4.4bn, compared to £5.2bn in 2011, Aon Hewitt research shows.

The Pension Trust has appointed Jennifer Anderson as investment officer.

The government has launched a review of pre-pack insolvencies, the controversial practices that can enable companies to dump pension liabilities.

Cardano has pulled its investments out of Standard Life Investment's Global Absolute Return Fund, which is the largest UK-domiciled fund.

Face to Face consulting has acquired the Life Academy to boost its financial education offering.