News

The legal definition of fiduciary duty must be changed to halt "dysfunctional" interpretations by trustees, FairPensions argues.

Liberal Democrats, including pensions minister Steve Webb, have backed a wide-ranging pensions reform package put forward by experienced member-nominated trustee Janice Turner at its Spring Conference.

Pension Insurance Corporation has outsourced the record keeping, payroll, administration and communication services for its 50,000 pension policies to Mercer.

The aggregate deficit of schemes in the Pension Protection Fund 7800 index fell slightly last month from £265.6bn to £222.2bn.

Insurance giant Prudential saw profits climb marginally to £723m last year.

Operating profits across the UK units of Standard Life fell last year due to a fall in income and higher acquisition expenses.

Schemes are increasingly delegating investment decisions to a separate committee or fiduciary manager, according to research from Russell Investments.

The Pensions Management Institute has thrown its weight behind efforts to make charges more transparent before the introduction of auto-enrolment.

Despite mid-sized schemes' commitment to long-term funding targets the majority are failing to progress due to lack of resources, a poll shows.

Trustees of the Jerome Group Pension Fund have begun proceedings to recover almost £3m from the administrators of Glasgow Rangers FC.