News

‘Inappropriate' active member discounts could threaten the success of auto-enrolment and must be restricted, Legal and General says.

The Prudential has been ordered to pay a member of its own scheme compensation after it processed his open market option annuity purchase at the wrong time, reducing his total purchase sum by £2,455.

Bridge Trustees, the trustee arm of law firm Eversheds, has appointed Julia Delaney as chief trust executive.

Pensioner incomes have risen by 50% over the last 16 years according to research from the Office for National Statistics.

The Department for Work and Pensions is considering setting up a lifeboat fund for defined contribution schemes funded by a levy on contributions.

Aon Hewitt has bought Babcock International Group's Pensions Administration Office in Caithness, Scotland.

Goddard Perry Group has launched its master trust called SALVUS which is designed specifically for auto-enrolment.

Guarantees for defined contribution funds could be an "attractive and affordable" option according to research from the Institute and Faculty of Actuaries.

Capita has hired Peter Vickers as a pension consultant within its employee benefits business.

A potential gap looms between employee and employer expectations of when workers will retire, an Aegon report warns.