News

Trade bodies have balked at the prospect of an increase in the Pension Protection Fund compensation cap, arguing the cost will be passed onto schemes and employers.

FTSE350 defined benefit deficits have risen 11% over November but funding ratios remains stagnant at 90%, a Mercer survey shows.

Nearly three quarters of ethical funds refuse to invest in gambling, while only 11% ban holdings in firms with poor records on child labour, failing to reflect customers' principles, a survey of 20 UK providers found.

The LV= Employee Pension Scheme has entered into an £800m longevity swap with Swiss Re to hedge the longevity risk associated with more than 5,000 members.

The UK Coal pension schemes have taken a controlling stake in a property business that was split off from the scheme's sponsoring employer in an attempt to plug a £450m deficit.

The Department for Work and Pensions will review the Pension Protection Fund compensation cap over fears long-serving workers are receiving "penal" treatment.

The Association of Corporate Trustees has appointed Eversheds partner Giles Orton as president.

The Pensions Policy Institute has rejected criticism of its methods used for calculating the effect of planned changes to public sector pensions.

Aon Hewitt has appointed Andrew Woolnough as client development director of its flexible benefits team.

Shoosmiths has appointed Paul Carney as partner in its Manchester pensions team.