News

The Pensions Research Accountants Group has presented awards to three schemes on the strength of their summary reports to members.

Pension Corporation has received £400m of new capital from Luxembourg investor Reinet Fund - taking the value of the insurance business close to £1bn.

Some of the UK's top firms have been forced to up their longevity increase assumptions after underestimating the rate at which their scheme members' life expectancy is improving, Hymans Robertson said.

Banks should be subject to the same level of scrutiny as the trustees of pension funds, a consultancy says.

Barclays' submission of a memo to the Treasury Select Committee has revealed how Bank of England officials advised the bank on LIBOR.

Over a third of employers said that they were unclear about their staging date for auto-enrolment, according to HR consultants Aon Hewitt.

Steve Webb will call on the industry to create saving vehicles with affordable guarantees to meet the "huge appetite for certainty" among consumers.

The Equitable Life payment scheme has made payments to 288,823 policyholders, totalling at more than £277m, since its launch in June 2011.

Chairman of the Financial Services Authority Lord Turner says the new Financial Conduct Authority will focus more on the activities of insurers and pension funds.

Judy Saunders has joined Man Group as a senior advisor after taking early retirement from West Midlands Pension Fund last month.