News

Stock market gains over the last two months have reduced deficits and put buyouts within reach of more schemes, says Aon Hewitt.

Intercontinental Hotel Group has agreed to contribute an additional £45m to its UK defined benefit scheme over the next two years.

The European Securities and Markets Authority has raised concerns over the independence, accuracy and reliability of guidance from proxy advisers in the European Union.

Telecoms group Everything Everywhere has seen its defined benefit scheme deficit rise by 48% over 2012 as liabilities increased by £60m, according to its results.

Pendragon has merged its six defined benefit schemes into one as its liabilities increase by 245%, its full year results show.

National Employment Savings Trust's annual contribution cap of £4,400 may prevent its target customers from achieving an adequate retirement income, the Pensions Policy Institute has said.

London Pensions Fund Authority chairman Edmund Truell has confirmed the capital's public sector schemes will be consolidated into a single fund which will invest heavily in local infrastructure.

The London Pensions Fund Authority has joined the list of founding investors in the Pensions Infrastructure Platform.

Barclays Corporate & Employer Solutions is partnering with Aegon and Zurich for its pensions provision on its workplace savings platform.

HSBC is to close its defined benefit scheme to future accrual next year after launching a consultation with employees.