News

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority's head of conduct Martin Wheatley.

Mercer has praised the National Employment Savings Trust's method of putting new members into low-risk investments, just a year after raising concerns about the practice.

The majority of senior civil servants are in favour of MyCSP, the government's mutual for managing the Principal Civil Service Pension Scheme, but 80% fear there may be changes to their benefits.

A change to the way Retail Prices Index is calculated could wipe billions off scheme liabilities but translate directly into decreased member benefits, experts warn.

Sainsbury's will use its existing Legal & General schemes for auto-enrolment, as it becomes one of the first companies to undertake the reform this Monday.

The Pensions Regulator has published a consultation on providers' and trustees' duty to report auto-enrolment failures and proposed to fine providers that do not report adequately.

Investment consultants and pension funds have reacted with caution to the bonds that would be created by business secretary Vince Cable's proposed ‘business bank'.

Schemes should seize the opportunity to invest in infrastructure projects as banks scale back their exposure to illiquid assets, Redington argues.

Nine out of ten people in the industry believe the Pension Protection Fund should be more open about its reasons for denying entry to schemes, according to exclusive PP research.

Employers view most pension scheme charges as unfair for members except for the annual management charge, according to a report by the National Association of Pension Funds and B&CE.