News

Britons will have to save more and work longer warns Bank of England report; One in 3 babies to reach 100, ONS says; Tax free cash gives equity between generations

The National Employment Savings Trust has finalised its opt-out process ahead of the introduction of auto-enrolment later this year.

Historically low yields on government bonds are forcing scheme sponsors to put liability management plans on hold and reassess how liabilities are measured, a consultant says.

QinetiQ has agreed a funding plan with trustees to tackle its £75m pension deficit after a High Court ruling cleared the way for it to switch to Consumer Prices Index-linking.

The Financial Services Authority has removed the permissions of SIPP provider HD Administrators with immediate effect after two directors were arrested.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit for purpose life company and a closed life fund consolidator.

The average defined contribution member has lost £2,750 a year from their income in retirement over the last year, research finds.

The auto-enrolment earnings trigger and the lower and upper limits for the qualifying earnings band have been confirmed.

The National Association of Pension Funds has urged government to amalgamate small pots into a number of super trusts in a bid to solve the problem of "stranded" schemes.

Two newly-launched services aim to help institutional investors scrutinise their exposure to environmental social and governance risks.