News

The Greater Manchester Pension Fund has agreed to invest £25m to build 244 affordable houses across Manchester.

Pensions minister Steve Webb has called on the UK pensions industry to throw its weight behind his campaign against Solvency II and the Institutions for Occupational Retirement Provision directive.

RM intends to more than double deficit contributions to its defined benefit scheme after closing it to future accrual later this year.

Local authority funds have called for an independent platform or ‘clearing house' on which they could access local investment opportunities, a Smith Institute study says.

Moves from institutional investors out of UK gilts and corporate securities and into short-term investments and overseas securities slowed in the second quarter of the year.

Pension hub provider Money on Toast has created a tool that allows workers to learn about auto-enrolment via Facebook.

Aviva has launched its auto-enrolment solution to help employers manager their on-going pension responsibilities.

The Pension Protection Fund has bowed to pressure and increased next year's levy estimate by 15% instead of the 25% hike feared by some analysts.

Just 6% of Britons know they are going to be auto-enrolled while more than a quarter have not been told yet, Friends Life says.

A liquid capital market in longevity risk must be created to ensure there is sufficient capacity to meet demand from schemes, argues Swiss Re.