News

A new innovation centre has been opened in Liverpool with the aim to help civil service pension scheme members better understand their pensions.

The Public Service Pensions Bill will penalise members of the NHS scheme and "entrench disparities" within public sector schemes, the British Medical Association says.

More than half a million low-paid workers could lose out on thousands of pounds in employer pension contributions if the government increases the auto-enrolment earnings trigger, unions have claimed.

Barnett Waddingham has appointed Andy Leggett as head of business development for SIPPs.

Allianz Global Investors has restructured its pan-European senior management team, in an effort to streamline and develop business.

Standard Life head of policy John Lawson has joined Aviva's corporate benefits division.

Investec Asset Management has appointed Stephen Lee as sales director in its UK institutional team.

The Association of Investment Companies has appointed Andrew Bell as its chairman elect, who will succeed incumbent chairman Sarah Bates.

Schools joining the government's academy programme are being forced to pay their share of local government pension scheme deficits over drastically shortened time periods.

The defined contribution market is "dysfunctional" and marked by "disingenuous" fund charges which halve the retirement income of members in low-cost schemes, the Pensions Institute says.