News

A loophole which would have allowed people who have transferred their pension abroad to avoid paying UK taxes has been closed by the Treasury.

ASIA - Northern Trust has appointed Margaret Law as head of client services for its asset servicing business in North Asia (ex-China).

US - A $6.5bn increase in New York City's pension costs was largely due to poor market performance rather than overly generous benefits, a study has found.

Towers Watson has poached Helen Dowsey from rival consultant Aon Hewitt.

LCP has appointed three partners in its actuarial, investment and pension administration teams in the UK and Ireland.

The host of Channel 4's Stand Up for the Week Kevin Bridges will present the UK Pensions Awards 2011.

The number of employers offering pre-retirement financial advice has shot up 50% as workers face the prospect of redundancy, the Life Academy says.

Scheme sponsors are likely to follow BT and bring forward contribution dates before the 2% reduction in corporation tax rate kicks in, experts say.

More than one-third of active defined benefit scheme members could see their benefits reduced if a £155 flat-rate state pension is introduced in 2015.

Members retiring on incapacity grounds could face a hefty tax bill if they fall into a gap between scheme rules and new exemptions from the annual allowance test, a lawyer warns.