News

The demand for liability driven investment strategies among small and medium defined benefit schemes will grow over the next three years, Aon Hewitt says.

The former boss of Kent Reliance Building Society has been appointed as interim director for defined contribution, governance and administration at The Pensions Regulator, PP can reveal.

The government cannot "stand idly by" while accountancy standards send pension fund liabilities rocketing and undermine the economy, Steve Webb has said.

The end of contracting out for defined contribution will save schemes £5.3m a year in administration costs, the government claims.

Boots Pension Scheme has appointed Schroders' property multi-manager team to oversee its £135m property portfolio.

The Treasury has proposed to give the Scottish government the power to issue its own bonds.

A quarter of GP surgeries operated a reduced service yesterday as doctors took part in industrial action, the Department of Health said.

Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

HMRC has issued guidance confirming salary sacrifice pension schemes will be able to meet automatic enrolment requirements.

BT Pension Scheme Management chief executive Nigel Labram has left the company after eight years, following a strategic review at the £37bn scheme.