News

Pensions ombudsman Tony King speaks exclusively to PP about why members are complaining about schemes and what administrators and managers can do to minimise these issues.

Schroders has hired Matthias Scheiber as a fund manager in its expanding multi-asset business.

DC members are 25% worse off than seven weeks ago because poorly designed investment strategies have failed to protect from volatility and market falls, Xafinity says.

Punter Southall has added 100 corporate pension schemes to its client roster after buying the pensions division of investment management firm Brewin Dolphin.

DENMARK - Industriens Pensionsforsikring, the Danish administrator for the labour market pension scheme, has hired State Street to provide analytics on its DKK5.5bn ($1bn) private equity portfolio.

Trustees of the Morris Ashby Limited Pension Scheme have completed a £38m buyout deal with Pension Insurance Corporation removing its liabilities from the Pension Protection Fund.

The BBC Pension Scheme deficit has risen from £1.1bn to £1.4bn over the past year, despite the fund exceeding expectation on its investment performance.

A bogus financial adviser who fraudulently manipulated his "clients'" pension funds to avoid paying tax of over £1.9m has been jailed at Hull Crown Court for three years.

US - Local unions have filed a lawsuit against New Jersey to overthrow a new law which requires employees to contribute more for their pension.

EUROPE: Mortality assumption calculations need a radical overhaul to give schemes and capital markets a better understanding of the factors that affect them, a report argues.