News

Excessive risk in UK pension schemes could lead to a wave of company defaults once the economy recovers, according to Towers Watson.

The pensions industry has welcomed the Department for Work and Pensions report ‘Reinvigorating workplace pensions', but highlighted that more work must be done.

The Pension Protection Fund has appointed seven fund managers to look after its farmland and timberland portfolio.

Companies could establish defined benefit schemes which are not indexed by inflation, under government proposals.

The Department for Work and Pensions will work with the Treasury, the industry and the Money Advice Service to create a standardised ‘lifecycle' of pensions communications to send to individuals.

1. All participants in the equity investment chain should act according to the principles of stewardship, based on respect for those whose funds are invested or managed, and trust in those by whom the funds are invested or managed.

The government has endorsed the findings of the Kay review which called for a major change of attitude from pension funds to combat short-termism in financial markets.

The Department for Work and Pensions will consult on streamlining the various sets of regulations which govern how pension providers must disclose information to members.

The Department for Work and Pensions has threatened to remove schemes from auto-enrolment if it deems their charges too high or obtuse.

The Department for Work and Pensions has set out its proposals for the design of pensions minister Steve Webb's flagship defined ambition system.