News

Advisers have welcomed plans to introduce a compulsory code of practice for insurers which is designed to encourage consumers to shop around for an appropriate annuity when they approach retirement.

RMT will join other unions, including GMB, Unite and Unison, in balloting for strike action over changes to public sector pensions.

Here they are... Some of the best pictures from the Professional Pensions Show 2011, held at London's ExCel Centre on Wednesday and Thursday last week.

The average worker in a defined contribution pension scheme has lost £1,300 a year of future retirement income in the last six months, Alexander Forbes says.

Pensions administrators should be able to give guidance to scheme members without fear of breaching financial advice regulations, the Pensions Administration Standards Authority argues.

Trustees should not slash communications budgets in tough times as it is the only way to keep member confidence through scheme changes, delegates at the PP Show heard.

Over regulation and being seen to "do the right thing" has overshadowed the only important thing to trustees - the employer covenant, a consultant says.

HSBC Workplace Retirement Services has appointed Mark Winstanley as a senior client relationship manager.

NETHERLANDS - Dutch pension funds have suffered a severe 11 percentage point drop in funding ratio from March to August due to poor market performance and increased interest rates.

UK/EUROPE - SECOR Asset Management, the fiduciary and asset manager run by the former General Motors Asset Management investment chief, has opened in London.