News

Rising equity markets coupled with a small increase in gilt yields helped scheme deficits improve by £2.7bn over August, according to the PPF 7800 index.

Around a third of trustees have plans to leave their posts within the next five years, MetLife warns.

Legal & General has appointed Dominic Carpenter as sales director in its pension scheme insurance solutions team, increasing its capacity.

The Department for Work and Pensions has proposed to bring the auto-enrolment earnings thresholds into line with the personal tax limits for 2013/14.

The Financial Services Authority has fined BlackRock Investment Management Limited £9.5m for client money breaches.

Pensions minister Steve Webb has quashed rumours the government may unfreeze the pension of British expatriates.

Social housing repairs and maintenance provider Mears has chosen B&CE's master trust The People's Pension for its 13,000-strong workforce.

Trustees are increasingly delegating investment decisions to third parties, according to an Aon Hewitt survey.

The government has responded to union threats of a general strike by refusing any further negotiation of public sector pension and pay reform.

The Police Superintendents Association of England and Wales warns its members will take part in ‘work to rule' action over proposed reform to pay and pensions.