News

The introduction of auto-enrolment will effectively end ill-fated stakeholder pension requirements for UK employers, it has been confirmed.

The Welsh Assembly Members' scheme will not be reformed as a defined contribution arrangement due to fears this would dissuade "high quality" candidates standing for election.

Mercer has confirmed its UK chief executive Alan Whalley has retired from the company, leaving a gap in its senior team.

Labour leader Ed Miliband has pledged to put a 1% cap on pension fund charges in a bid to reignite his campaign against "rip off" costs, as millions of people enter auto-enrolment.

The use of asset-backed contributions to fund schemes will double over the next three years after HM Revenue and Customs clarified its stance on the arrangements, says Deloitte.

The pensions industry has welcomed the government's ‘savings revolution' as auto-enrolment begins with its first staging date.

Proposed changes to the Takeover Code will "empower" trustees to protect member interests during a bid, the National Association of Pension Funds has said.

The Financial Reporting Council has published its changes to the UK Corporate Governance Code and Stewardship Code in order to increase accountability and engagement.

Axa Investment Management has urged the Financial Services Authority to strengthen LIBOR standards rather than scrapping the rate altogether and risk damaging pension schemes.

The Pensions Action Group and a communications consultant has criticised the timing and messages of the Department for Work and Pensions' auto-enrolment TV campaign.