The Pensions Regulator is determined to ‘get under the skin' of the country's 1,700 hybrid schemes to ensure they are properly monitored.
The current defined contribution set up is inefficient, in adequate and will lead to poor member outcomes for generations unless it is radically overhauled, delegates heard.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
UK - The government is set to take action over companies offering cash incentives to leave defined benefit pension schemes.
Proxy voting agencies are undermining the governance efforts of investors who try to to engage more effectively with firms they are invested with, a policy chief says.
The government is set to take action over companies offering cash incentives to leave defined benefit pension schemes.
Opportunities are opening up for institutional investors looking to invest in green bonds as a new certification scheme is due to launch next month, and State Street brings a new green bond fund to market today.
GLOBAL - Opportunities are opening up for institutional investors looking to invest in green bonds as a new certification scheme is due to launch next month, and State Street brings a new green bond fund to market today.
US - Laurence Fink, chairman and chief executive of BlackRock, said billions of assets could flow into perpetual preferred shares issued by European banks looking to recapitalise as they face more stringent capital requirements.
ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.