News

The EU consultation on overhauling the Institutions for Occupational Retirement Provision directive could have far-reaching effects on accounting, investment and communication in defined contribution schemes, argues the Investment Management Association....

Standard Life has successfully sued its professional indemnity insurers for about £100m to recover losses related to its Pension Sterling Fund.

The Pensions Management Institute has been granted accredited body status by the Financial Services Authority.

F&C Asset Management has told investors it expects to take a £2.3bn hit to its assets under management this year when Friends Life withdraws money from its annuities business.

The Pension Protection Fund and The Pensions Regulator has published the sixth edition of the Purple Book, setting out risks posed to pension schemes.

The Accounting Standards Board has laid out proposals to abolish the use of expected return on assets in scheme valuations.

Just one in 20 employers intends to use the National Employment Savings Trust for auto-enrolment, according to Punter Southall research.

Public sector pension reforms will have "little or no long-term saving for taxpayers" because improved accrual rates cancel out retirement age hikes, an independent study says.

The Department of Work and Pensions has admitted it significantly over-estimated the number of workers who will be auto-enrolled by the end of this parliament.

Friends Life has launched its corporate platform - offering a range of pension and savings accounts to employees and a management information system for employers.