News

Employers considering moving fully to defined contribution should consider the benefits of defined ambition according to Eversheds pensions partner François Barker.

Partnership his appointed David Richardson as its chief financial officer as part of a board reshuffle.

Top facts and figures from the Pension Protection fund report and accounts.

The Pension Protection Fund has seen its surplus rise to more than £1bn after achieving investment returns in excess of 25% in the year to March 2012.

The gap between the amount men and women are saving for retirement could grow to a ‘record high' of almost £30,000, according to Scottish Widows.

Santander Asset Management UK has expanded its fixed income team with the appointments of Elena Kstova-Oksanen and Andrew Shenton.

The typical member of a large defined contribution scheme will amass a retirement pot 28% bigger than a saver in a small scheme making the same contributions, the NAPF says.

The John Lewis Partnership Pensions Trust has appointed Jane Newell as director from 1 November.

USS has provided £100m in 25-year inflation linked financing to South East Water via the private placement of an index-linked note.

The work and pensions select committee is reopening its inquiry into the governance and best practice in workplace defined contribution pension provision.