Aviva has reported UK operating profits up 3% for the first half of the year, and highlighted auto-enrolment as an area of opportunity.
AUSTRALIA - Industry superannuation funds are holding A$1.2bn (US$1.2bn) in operating and general reserves, research by Deloitte has found.
The low footprint that hedge funds have in most capital markets means overall they pose a low systemic risk, the Financial Services Authority says.
The Pensions Ombudsman is operating under a "false economy" because it has faced staffing cuts while schemes are still paying the same levy, a lawyer says.
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.
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.
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.