News

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 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.

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.

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

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

CANADA - Staff at the Healthcare of Ontario Pension Plan (HOOPP) could soon be compensated for how well they match liabilities.

UK - Buyout deals totalled £8.1bn ($13bn) last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Aries Pension has launched a Retail Prices Index revaluation table to help defined benefit pension schemes who have to keep using the same RPI measure of inflation to revalue benefits.