News

US - A public pension fund lawsuit seeking to recover billions of dollars of bonus payouts and other compensation from Goldman Sachs has been thrown out of court.

Defined contribution investment strategies must focus more on member outcomes and less on turning savers into investment experts to succeed during auto-enrolment, consultants say.

BlackRock has hired Simon Beresford and Neil Purvis as part of its to push to be "provider of choice" in the bundled defined contribution market.

Industry confidence in the coalition government's performance on pensions has dropped and the vast majority believe red tape will increase, a Nabarro survey reveals.

Pension funds would suffer from liabilities increasing further if the Bank of England buys gilts in another round of quantitative easing, Pension Corporation says.

US - The number of defined contribution (DC) retirement plans in the US offering a sustainable and responsible investing (SRI) choice could double in the next three years, research suggests.

Less than half of the industry thinks occupational pensions are seen by staff as their most important benefit, PP research reveals.

The £10m publicity drive for auto-enrolment could tempt council pension scheme members to opt-out and move into "inferior, cheaper alternatives", the Merseyside Pension Fund warns.

Independent trustees running the Telent Pension Scheme and a US-based government workers fund have seeded a subordinated debt fund managed by Cairn Capital with £39m.

More than a third of people have ceased making pension payments, according to research by Prudential.