News

Employers and unions have announced the details of a new local government pension scheme which will take effect from 1 April 2014. The scheme will have seven major features.

Unions have reached an agreement with ministers over the reform of the local government pension scheme.

Zurich plans to make 90 redundancies from its UK life business as part of cost cutting measures in light of the challenging economic environment.

The Rail, Maritime and Transport union has called off a ballot for industrial action in protest against reform to the East Midlands Trains pension scheme.

BT Pension Scheme has boosted its UK infrastructure portfolio by buying a 13% stake in the holding company of Thames Water.

NEST Corporation is looking to bring its staging date forward to October, in a move that will see it auto-enrol staff two years earlier than expected.

More than half of the pensions industry feels that liability-driven investment techniques could be used for defined contribution schemes, Schroders research reveals.

Pension providers must be monitored closely by the government during the course of auto-enrolment and may need to be regulated by The Pensions Regulator, MPs say.

The impending implementation of Basel III regulations for banks across Europe will push up the price of derivatives for schemes, experts warn.

The industry is failing to inspire confidence in pensions according to research from PP that found seven out of ten professionals believe it is not doing enough to restore trust.