News

The Rail, Maritime and Transport union has demanded that the London Transport Pension Fund disinvests in public private partnership investment vehicle Semperian due to the behaviour of one of its subcontractors.

The Department for Work and Pensions will not publish its proposals for state pension reform until the autumn due to the "complexity" of the system.

The Pensions Administration Standards Association has appointed Karen Bennett and Phillip Bretnall to serve on its board.

HSBC has revealed it faces a hefty fine estimated at $1bn by analysts from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.

Industry figures have called for the FSA and TPR to be merged after an National Audit Office report called for a more concerted approach to regulating workplace pensions.

The government has been urged to consider merging The Pensions Regulator and Financial Services Authority after a National Audit Office report condemned the current system of DC regulation.

Government should use its powers to limit charges on schemes that qualify for auto-enrolment, says TUC.

Schemes can expect to see a sharp increase in their Pension Protection Fund levies next year because of continuing low gilt yields, warns a consultant.

The government will announce details of a deferred payment scheme for residential care for the elderly in which councils lend individuals money to pay for care, then recoup the money when their house is sold after their death.

A Supreme Court has ruled that part-time judges may be entitled to the same pension rights as their full time counterparts.