News

Big British funds cut UK stocks ownership; Whyte link to pension fund's £3m Rangers loan; QE has also benefited pension funds; Regulations should be NAPF's target

The Office for National Statistics has updated the basket of goods used to calculate CPI inflation - which sets increases to the state pension - to include iPads and teen fiction.

The legal definition of fiduciary duty must be changed to halt "dysfunctional" interpretations by trustees, FairPensions argues.

Liberal Democrats, including pensions minister Steve Webb, have backed a wide-ranging pensions reform package put forward by experienced member-nominated trustee Janice Turner at its Spring Conference.

Pension Insurance Corporation has outsourced the record keeping, payroll, administration and communication services for its 50,000 pension policies to Mercer.

The aggregate deficit of schemes in the Pension Protection Fund 7800 index fell slightly last month from £265.6bn to £222.2bn.

Insurance giant Prudential saw profits climb marginally to £723m last year.

Operating profits across the UK units of Standard Life fell last year due to a fall in income and higher acquisition expenses.

Schemes are increasingly delegating investment decisions to a separate committee or fiduciary manager, according to research from Russell Investments.

The Pensions Management Institute has thrown its weight behind efforts to make charges more transparent before the introduction of auto-enrolment.