News

JLT Benefit Solutions has been ordered to pay compensation after it delayed a scheme transfer and the member concerned died in the interim.

Annual allowance changes are forcing schemes to offer non-pensionable cash supplements and slower accrual rates to stop employees breaching the £50,000 limit on pension contributions.

Councils have been given just six weeks to come up with a package of reforms to slash £900m from taxpayer contributions to the Local Government Pension Scheme.

Schroders has launched five synthetic gilt funds to hedge against interest and inflation risk as it seeks to push further into the growing liability-driven investment market.

Trustee engagement on ESG issues in emerging markets could lead to a spike in governance standards over developed economies, a sustainable investment group says.

Tail hedging strategies, a form of insurance against stock market plunges, will fail to protect against market risk because the approach is over used, analysts warn.

Oracle has closed a total of 31 schemes and launched a single group personal pension for UK staff following the acquisition of Sun Microsystems.

UK - GKN has knocked £28m ($45.9m) off its UK scheme deficit since December thanks to asset value gains arising from its asset-backed partnership arrangement.

The Universities Superannuation Scheme has been criticised for awarding its chief executive a £50,000 bonus at the same time it closes its final salary scheme.

Mercer has recruited Paul O'Connor as head of asset allocation for its investment management business in Europe, Middle East and Africa.