News

Shadow pensions minister Gregg McClymont has questioned what the government's drive for ‘defined ambition' pensions "actually means".

The Pensions Regulator's guidance on defined contribution schemes should have been bolder, the industry warns.

The Treasury has brushed off criticism that monetary policy is damaging schemes by claiming quantitative easing has boosted scheme fund values and reduced investment risk.

Trustees must go beyond monthly investment sub-committee meetings and put more decision-making structures in place to improve governance standards, delegates at the Professional Pensions investment conference heard.

Fund management and administration charges levelled on the Local Government Pension Scheme surged to a record high of £437m last year despite just a £124m increase in investment income, government statistics show.

The body responsible for funding UK universities has abdicated its role on the Universities Superannuation Scheme trustee board after nearly 40 years.

Strathclyde Pension Fund has sold its 35% minority interest stake in the Junction Thurrock Unit Trust to Capital & Regional's Junction Fund.

EU plans to harmonise the Institutions for Occupational Retirement Provision directive with Solvency II capital requirements could dent the government's infrastructure ambitions, a Treasury minister says.

Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.

The ASLEF union has called off two days of strike action as it approaches an agreement with East Midlands Trains over changes to the firm's scheme.