News

Less than half the UK population is saving enough for retirement and UK pension saving overall has dropped to record low levels, a report has found.

Prudential is set to name Paul Manduca as its next chairman after a five-month search to replace Harvey McGrath.

The Organisation for Economic Co-operation and Development will launch a guiding principles document for defined contribution schemes next month to improve global consistency in schemes.

The collective pension deficit of Britain's biggest companies has increased by £30bn since the beginning of May, according to Towers Watson.

Aviva saw its new life and pensions business in the UK fall in the first quarter as a 16% fall in annuities sales offset a rise in new pensions business.

The Northcroft Pension and Assurance Scheme has entered the Pension Protection Fund assessment period after its sponsoring employer was sold through a pre-pack insolvency.

My Civil Service Pension will transfer its employees to a Prudential defined benefit scheme.

Insurers have started to turn down employers who want to expand existing schemes for auto-enrolment, PP has learned.

A surge in corporate restructuring caused by the recession has put employer covenants at risk, Punter Southall Transaction Services warns.

The Greater Manchester Pension Fund is considering teaming up with Manchester City Council to build nearly 250 new homes in the city.