News

GLOBAL - The number of public pension systems investing in hedge funds has grown by 50% over the past four years, research by Preqin shows.

Schroders has enhanced its liability driven investment and strategic solutions teams with four appointments in newly created roles.

UK - The Organisation for Economic Co-operation and Development (OECD) today recommends the UK government further increases the state pension age (SPA) to combat rising costs.

HS Admin has retained 30 out of 31 clients since it was bought from Aegon by Goddard Perry in October last year.

A ruling that trustees have relied on to unwind decisions without formal rectification since 1975 has been swept away by the Court of Appeal.

Regulation amendments that require scheme administrators to provide individuals' National Insurance numbers to HM Revenue & Customs could go "horribly wrong", a lawyer warns.

The interaction of the CPI switch with existing annuity provision and scheme rules will cause considerable complexity for trustees in some cases, a lawyer warns.

The UK pensions system is so badly designed it is a "toxic mix" which favours providers over savers and pushes people towards undersaving, Lord McFall says.

The National Association of Pension Funds is lobbying government to add a new objective for The Pensions Regulator - forcing it to promote the survival of workplace pensions.

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.