News

The Bank of England (BoE) has said it will not raise the base rate of interest before the unemployment rate falls to 7% and warned investors are still expecting rates to rise sooner than is likely.

The Financial Conduct Authority (FCA) has appointed Nick Poyntz-Wright as director of long-term savings and pensions.

Prudential has appointed John Foley to the newly created role of group investment director in a bid to strengthen the oversight of its financial investments.

A shortage of AA corporate bonds is leading to inconsistencies in the way FTSE350 companies calculate defined benefit (DB) deficits, Hymans Robertson says.

The aggregate pension deficit of companies on the FTSE100 has hit £43bn, despite strong returns on assets and employer contributions of almost £22bn over the year, says LCP.

The University of St Andrews has appointed NOW Pensions as its auto-enrolment (AE) provider.

The Financial Conduct Authority (FCA) will push ahead with its annuity market probe, and investigate if providers' profit margins are ‘high', despite industry murmurings self-regulation goes far enough.

Legal & General (L&G) interim results show growth across its bulk annuities, workplace savings and investment management businesses.

The Pensions Protection Fund (PPF) has appointed four firms to its newly created trustee advisory panel.

Jelf Employee Benefits has appointed Mark Winstanley to the newly-created position of corporate pensions director as it expands its UK reach.