News

UK schemes have been warned not to distort asset allocations to meet cash flow pressure from currency hedging strategies, after the pound suffered a weak January.

MyCSP has appointed Xafinity Paymaster's Nicola Hurst as its chief executive and is planning redundancies just eight months after its launch.

The Financial Services Authority and its successor bodies may not be able to prioritise pensions standards if regulation were moved to a single body, Michael O'Higgins has said.

The GMB has branded claims public sector pension schemes will cost the taxpayer an extra £9bn as "completely bonkers".

Swansea Council "unlawfully" transferred £20m from its pension scheme to balance its books when changing banks, according to the Wales Audit Office.

The UK has spent too long developing layers of ineffective and frustrating regulation in its financial services sector, John Kay says.

Aviva Investors has reached a £19m agreement with GreenSquare Group to fund a development of 212 affordable homes in the south of England.

Schemes should prioritise communications and hold back on more complicated information to avoid disengagement, the PP Pensions and Benefits Communications Forum was told.

Deficits at the UK's biggest schemes rose more than 20% in January despite big gains on the stock market, according to research from Mercer.

USS continues to move into infrastructure debt to match its liabilities, with its second deal in less than six months to provide long-term inflation-linked financing to a water company.