News

The Merchant Navy Officers Pension Fund has secured a £680m buy-in with Rothesay Life.

Pot follows member is a "ruse" to impose higher quality standards on schemes and enforce mergers, according to Michael Johnson.

Fears retiring baby boomers will monopolise resources and limit economic growth for future generations are "nothing to worry about", according to sociologist Frank Ferudi.

The Co-operative has added an additional assessment criterion for auto-enrolment to address the issue of fluctuating hours.

The Pensions Archive Trust has acquired the historic records of The Pensions Management Institute.

Lloyds Banking Group has budgeted more than £1m in costs for implementing auto-enrolment to its 107,000-strong staff.

The Pensions Regulator has begun auto-enrolment with a 24% opt out rate for newly enrolled members and an overall take up rate over 98%.

Schemes are on track to meet The Pensions Regulator's data targets but costs may prevent some from complying on time, third-party administrators say.

The UK's over-55s are working longer as they fall back on their savings to meet living costs, according to research.

Auto-enrolment could lead to increasing risk aversion in UK schemes, pension professionals believe.