News

The British Medical Association has voted in favour of industrial action in protest against reforms to the NHS pension scheme.

FTSE100 company defined contribution schemes' use of default options has increased from 82% to 92% over the past year but a fifth of defaults do not meet government standards, a consultant says.

The leaders of the four biggest parties in the Welsh Assembly have urged Iain Duncan Smith to reinstate the full pensions of former Allied Steel and Wire workers.

The Actuarial Profession's Continuous Mortality Investigation suggests schemes must hold 10% more assets per pound of benefit promised for managers than for lower paid employees, Mercer says.

Equity allocations by UK schemes have dropped from 47% to 43%, with a further four in ten schemes intending to reduce their deomstic exposure more next year, Mercer research suggests.

The Pensions Regulator must investigate the way in which employers consult with their workforces on scheme changes, the Association of Member Nominated Trustees says.

HSBC has weathered this year's shareholder backlash against executive pay, with a lower vote against its remuneration package than last year.

Alternative route for pensions; UK pensions still ignore equity risk; Most schemes favour lower DC pension fees; Brussels considers tightening pension schemes oversight; Brussels considers tightening pension schemes oversight; CBI presses for public funds...

The Chartered Institute of Payroll Professionals has launched a qualification to provide a stepping stone to its foundation degree in pensions administration.

The UK's two largest teaching unions have launched a joint campaign to oppose the government's reforms to teachers' pensions, pay and working conditions.