News

FirstGroup has changed the accrual rates of its career average scheme and will introduce a defined contribution scheme for auto-enrolment.

The Treasury is in talks with US authorities to grant UK schemes a full exemption from the Foreign Account Tax Compliance Act.

UBS and Nomura have followed Credit Suisse in pulling out of the longevity swap market, citing capital requirements and regulatory changes, PP understands.

The man responsible for mediating a £2.1bn UK pension claim on bankrupt firm Nortel Network's assets has launched a website to keep people up to date with developments.

Pension funds are shunning higher yielding secondary real estate property for pricier ‘prime' real estate, a report shows.

Sponsoring employers could be given unilateral powers to amend defined benefit scheme rules without trustee consent to offset a £4.2bn spike in National Insurance costs.

A low-cost section of the Local Government Pension Scheme is being backed by a trade union to stop "under pressure" council workers from deserting the scheme.

Mistakes made by asset managers are a better guide to individual investment skill than when managers outperform, Towers Watson says.

Leading asset managers and insurers have donated more than £90,000 to a parliamentary group on corporate governance.

The Pensions Regulator has revealed more details about two trustees it removed last year for investing £2m of scheme assets in an unregulated Belize-based investment vehicle.