News

Lorica Employee Benefits has launched a de-risking tool that allows members to see what value their defined benefit entitlements are worth in the annuity market.

The Department for Work and Pensions has announced that well-known business icons including Theo Paphitis and Karren Brady are among the celebrities to help promote auto-enrolment through an advertising campaign.

Two-thirds of employers are unaware members pay any charges in their defined contribution schemes, Department for Work and Pensions research reveals.

The National Association of Pension Funds has launched separate multi-employer forums for defined benefit and defined contribution schemes.

The Federal Reserve has unleashed a third round of quantitative easing to support the US economy following a wave of poor data and a weakening labour market.

Aegon UK has launched its new workplace savings platform, Aegon Retirement Choices, and offered to pay 50% of employers' contributions for the first three months as an introductory offer.

The Actuarial Profession had announced the launch of the Actuarial Research Centre which aims to sponsor PhD students.

Insurance group Admiral has boosted the membership of its scheme from 1,100 to 2,000 since March through a staff awareness campaign.

The Pensions Management Institute and Imperial College London signed a formal Memorandum of Understanding today, paving the way towards the first specialised masters degree in pensions.

The Universities Superannuation Scheme has announced its deficit has increased from £2.9bn to £9.8bn over the past year due to historically low gilt yields.