Occupational scheme member groups have attacked the switch to Consumer Prices Index inflation as a Treasury cost-saving exercise aimed at benefitting business over members.
Pensioners should share pain of spending cuts, says Institute of Economic Affairs; Pensions and health care pledges put UK at 'extreme risk' of another economic crisis; David Prosser: The charmed lives of Britain's pensioners in an age of austerity
Resolution, the buyout vehicle launched by entrepreneur Clive Cowdery, is highly unlikely to make any further acquisitions and will instead focus on developing new life products.
Gartmore's annual results, released today, show £7.2bn of assets left the firm in 2010, compared to a net inflow of £300m in 2009.
US - The New York State Common Retirement Fund returned 6% in the third quarter of the fiscal year on the back of strong equity performance.
NETHERLANDS - Anton van Nunen, the man credited as being the father of fiduciary management, has been appointed as director of strategic pension management at the Dutch insurance group Syntrus Achmea.
UK - Trustees risk being fleeced by underperforming investment managers after it was revealed management fees jumped 11% last year on the back of improved market conditions, a consultant says.
HUNGARY - Hungary will cancel about 1.5trn forint ($7.5bn) of bonds after taking over the assets of privately managed pension funds to "immediately" cut indebtedness, according to the Debt Management Agency.
Employers decry pension tax rules; Coalition ready for strikes as PM outlines public sector revolution; ZFS in LatAm insurance tie-up with Santander
Legal & General has launched a regular contribution corporate cash ISA.