News

Liberal Democrat pensions minister Steve Webb has blasted Labour's legacy on pensions in a speech to his party's faithful over the weekend.

The Pension Protection Fund is unlikely to receive any payments as a result of camera retailer Jessops' bankruptcy, despite having £2.5m worth of loans with the company, according to the Sunday Telegraph.

Aon Hewitt will work with the local government pension scheme committee and officers in managing the fund and meeting a number of regulatory requirements.

Train manufacturer Bombardier Transportation UK has selected Mercer to provide actuarial services to the trustees of its seven defined benefit schemes.

FairPensions has announced plans to rebrand as ShareAction.

Attaching guarantees to DC pensions could have a detrimental effect on investment returns according to a World Bank pension expert.

Mark Carney's arrival at the Bank of England will prompt a fresh round of monetary policy with "no let-up" for pension funds already struggling with low interest rates, the former deputy governor of the Bank told delegates.

Trustees need to "tell the truth" about the value of their contingent assets, the Pension Protection Fund chairman says.

Defined contribution schemes are conflating the needs of young and old members and must create separate instruments for each group's needs, delegates heard.

Pensions Buzz is an exclusive weekly survey of the industry. This week, respondents reject a move to online only communications, dismiss calls for more independent trustees, and question how TPR's Determinations Panel actually works