News

The Mitchell & Butlers scheme deficit has increased from £37m to £88m from 2011 despite increases in asset value and employer contributions.

Bank remuneration reports in 2011 received ‘strong support' from investors despite general concerns on pay and performance, a TUC report says.

Pensions minister Steve Webb has written to the Association of British Insurers demanding evidence that consultancy charges levied on schemes are value for money.

Mark Carney has seen off fierce competition to land the job of Bank of England governor, replacing outgoing chief Sir Mervyn King next summer.

A clear majority of people will remain in a workplace pension once auto-enrolled, a Department for Work and Pensions survey has shown.

The £13m Ring pension scheme has entered the Pension Protection Fund, after trustees and advisers whittled down a list of over 40 companies to just four sponsors and triggered their insolvency.

The move to gender-neutral annuity pricing will lead to a mismatch between assets and liabilities for many schemes, warns Pitmans Independent Trustees.

Aberdeen Asset Management's assets under management have risen by 10% despite seeing no increase in net new business, its final results show.

The issue of advising small pension pots is to be debated in the House of Lords on 27 November.

Scheme sponsors are facing growing pressure to make higher contributions at the same time as their ability to support defined benefit obligations remains depressed, warns PwC.