News

Almost 4,000 members of the Financial Assistance Scheme have had their benefits reduced after overpayments resulting from administrative errors.

A claim for more than one billion dollars has been filed in the US courts against Nortel Networks' US affiliates.

Trustees must take a position on the direction of interest rates before they decide on their investment strategy, according to Hermes Fund Managers chief executive Saker Nusseibeh.

Auto-enrolment into default funds could be a barrier to pension engagement, delegates at the PP show heard.

Relying on the Pension Regulator's Trustee Toolkit can be "problematic", Taylor Wessing partner Rosalind Connor has said.

An effort to provide a consistent message has led the Pensions Regulator to become "defensive" in its advice, a partner at Taylor Wessing has said.

Fewer schemes will carry out enhanced transfer value exercises following the introduction of a code of conduct and changes in how members are advised, says law firm Osborne Clarke.

Aon Hewitt has launched a bulk annuity settlement readiness assessment for UK pension schemes.

The government is reconsidering its advice on GMP equalisation in an attempt to make the process "as painless as possible", Steve Webb has announced.

Leading consultants have expressed concerns at employers' lack of awareness of the cost of auto-enrolment.