News

Mercer, Aon and Blackrock must compensate a scheme member whose fund was depleted when invested incorrectly following an enhanced transfer exercise.

The Pensions Regulator has defended its decision not to smooth the discount rate by publishing a detailed analysis of the current funding regime.

PcW has announced two appointments to its pensions risk and investment consulting business.

Hermes Fund Managers have launched its latest fund as part of its UK active inflation-linked strategy which will primarily invest in UK bonds.

Conventional annuity rates have dropped 7% since June and enhanced rates have fallen 5% in the same period, according to analysis from provider MGM Advantage.

A small spike in gilt yields brought liabilities down by 3.6% in September and helped deficits improve by £51bn, according to the Pension Protection Fund 7800 Index.

The Pensions Regulator has reiterated its stance that most firms currently agreeing funding valuations will not need to significantly increase deficit recovery contributions.

Iain Duncan Smith has confirmed plans for a flat-rate state pension are still going ahead.

Multi-national corporations are changing their approach to executive remuneration as a result of the UK's "shareholder revolution", Mercer has said.

Over 30% of people aged over 60 are confused about annuities, research conducted by Age UK shows.