News

The author of the government's public sector pension reforms has engaged in a public row with a senior European official over European regulation.

UK-listed banking giant Standard Chartered saw its shares fall more than 7% at one stage in Hong Kong this morning as it faces allegations of assisting in a $250bn money laundering scheme.

Fees for equity managers are around 70% higher than those charged by fixed income specialists, according to a survey by analytical services firm Camradata Live.

The Department for Work and Pensions has denied that its preferred option for consolidating small pots will increase cases of pension fraud.

PensionsFirst has appointed Hugo James as chief executive of its insurance-based risk transfer business.

Trinity Mirror has sparked a row with The Pensions Regulator after finance director Vijay Vaghela complained about a lack of response to the company's plans to slash scheme payments by £70m.

Activity in the bulk annuity market picked up last month after a slow start to the year, says Towers Watson.

House of Fraser has picked an Aviva group personal pension scheme for its 7,000 UK employees ahead of the introduction of auto-enrolment later this year.

Former tax boss Andrew Meeson has pleaded not guilty to charges his company defrauded HM Revenue and Customs by over £5m through a "fictitious" pension scheme.

The Pension Protection Fund has launched a specialist administration services panel it says will cut the time schemes spend in its assessment period.