News

Labour MP Keith Vaz is to lead a debate on changes to police pension provisions in Parliament this afternoon.

The Pension Protection Fund has updated its Statement of Investment Principles to expand the range of asset classes it can invest in.

Mercer Workplace Savings has increased its client base to more than 50 companies over the year with assets under management now at £2.2bn.

Marks and Spencer will halve annual contributions to its defined benefit scheme from £60m to £28m over the next three years, after its deficit shrunk to £290m.

Super trust structures will not guarantee good savings outcomes for scheme members, Association of British Insurers director general Otto Thoresen says.

Politicians on both sides of the house have cautiously backed the industry code of conduct on charges as a first step to improving transparency.

The National Association of Pension Funds has scaled back plans to introduce a ‘pounds and pence' charges code.

Mercer has chosen Fiona Dunsire to replace Alan Whalley as UK chief executive.

Aga Rangemaster has secured a £60m refinancing deal after agreeing a recovery plan with trustees that has seen it pump £16m into its scheme this year.

Pensions minister Steve Webb has said the Department for Work and Pensions is considering imposing penalties on employers who do not choose auto-enrolment schemes deemed of a high enough standard.