News

Companies should consider early adoption of the revised IAS19 as it impacts risk-management strategies, a consultant warns.

Expected pension incomes have fallen to the lowest level in six years, according to Prudential.

Labour backbencher David Miliband has called for the government to cut pensions tax relief to £26,000 to match the national average wage.

The Retail Prices Index should not be brought in line with the Consumer Prices Index, AXA Investment Managers has argued, ahead of a decision by the Office for National Statistics later this week.

Asset-backed funding arrangements became more prevalent in 2012 as a wider variety of companies used a greater array of assets to fund deficits, says KPMG.

Interserve has agreed to transfer a portfolio of 19 private finance initiatives to its scheme to reduce its actuarial deficit from £150m to £95m.

The National Association of Pension Funds has appointed Helen Roberts as its policy lead on investment.

Scheme deficits remained largely unchanged over the last year despite gains in asset prices, Pension Protection Fund research says.

The coalition has reaffirmed its commitment to reforming the state pension although did not reveal any specifics or announce a date for the white paper.

The Pensions Regulator has explained why it sanctioned the restructuring of UK Coal which saw its scheme take a majority stake in part of the business in return for a £30m investment.