News

Pensions minister Steve Webb will unveil plans for a universal flat-rate pension to be introduced in 2015 or 2016, later today.

Employers who offer multiple defined contribution funds are turning people off pensions because the array of options is confusing them, Aon Hewitt says.

Pension scheme liabilities ‘held fast' at £1.4trn last month as market conditions remained relatively calm, figures from Xafinity Corporate Solutions show.

Ministers to outline plans for £140-a-week state pension; BA pension trustee quits over CPI move; We want to work past 65, insists pensions minister

US - The Federal Home Loan Mortgage Corporation (Freddie Mac) has won the dismissal of a putative class action securities lawsuit from pension funds who believed the company misled shareholders about financial risks.

GLOBAL - Local currency emerging market debt (EMD) will continue to outperform other asset classes as few others can offer comparable returns from income, capital gains and FX appreciation, Baring Asset Management believes.

DB Advisors could win up to $12bn (£7.4bn) in money market fund assets from rival Standard Life Investments after SLI's withdrawal from the sector over regulatory concerns.

UK - The government could be forced to subsidise the National Employment Savings Trust to the tune of £379m ($606m), European Commission documents show.

US - A Pennsylvania pension fund has accused officials at Cephalon of "failing to act" in the best interests of investors regarding a $5.7bn buyout bid by rival Valeant Pharmaceuticals International.

EUROPE - DB Advisors could win up to $12bn ($17bn) in money market fund assets from rival Standard Life Investments after SLI's partial withdrawal from the sector over regulatory concerns.