News

Closed life fund consolidator Phoenix Group will sell £5bn worth of in-payment annuities to Guardian Financial Services next month.

Just over half of workers are unaware that their employer would soon auto-enrol them in a pension scheme, according to Hymans Robertson research.

Pension tax treatment is "hard to justify" and could generate the necessary revenue for long-term care reform according to research.

Glencore is under pressure to improve the terms of its $30bn offer for Xstrata after the latter proposed new compensation arrangements, and a leading shareholder came out against the deal.

Asset managers must act now to take advantage of prolonged market volatility, a report says, after the study revealed growing investor appetite for more dynamic asset strategies.

The Forth Ports Group Pension Scheme has appointed Punter Southall to provide actuarial and investment consultancy services.

Derbyshire County Council Pension Fund has reduced the number of Additional Voluntary Contribution providers it uses from three to one to boost take-up rates.

Local authorities will have to overhaul administration systems before changes to the Local Government Pension Scheme in 2014, warns a provider.

Providers operating master trusts may form a trade association, possibly as part of the National Association of Pension Funds.

Pensioners' incomes has grown faster since 1999 than those of working age people, the Institute for Fiscal Studies said.