News

The number of schemes retendering investment consulting services has dropped by 44% in two years according to research from IC Select.

Travis Perkins Group has appointed Standard Life as its pension provider in the run-up to automatic enrolment.

The Department for Work and Pensions has confirmed it will introduce legislation restricting enhanced transfer exercises if a voluntary code to improve deals does not work.

The Superannuation Arrangements for the University of London has awarded a contract to revamp its administration systems to Civica.

The Department for Work and Pensions has denied rumours it plans to legally enforce the Association of British Insurers' code of conduct on annuities if the industry fails to comply with its recommendations.

Johnston Press has boosted contributions to its scheme by 60% after seeing its shortfall double last year.

The government should resist calls to allow schemes to smooth gilt yields when calculating discount rates for valuing future liabilities says Punter Southall.

State pension payouts can vary from as little as £7 a week to £230 due to the "staggering" complexity of current regulations, the pensions minster has said.

The Pension Protection Fund has appointed former BBC online executive Sharmila Nebhrajani to its board as a non-executive director.

Former Chancellor Alistair Darling has written an open letter to his successor George Osborne warning he must change course on the economy now or cause "immeasurable damage".