News

The UK Stewardship Code will increase collective engagement by pension funds and give institutional investors more oversight in the boardroom, say Legal & General Investment Management.

US - The 100 largest US public pension funds saw their assets rise 6.8% for the 12 months to June, the first fiscal-year gain since 2007, research shows.

The Pensions Advisory Service will not be scrapped as part of the government's cost cutting plan.

The Treasury has confirmed it will cut the annual allowance from £255,000 to £50,000; cut the lifetime limit from £1.8m to £1.5m; and increase the factor for valuing final salary benefits from 10 to 16. But how do you calculate any tax charge. Our step-by-step...

UK - Man Group has completed its $1.6bn purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

Middle classes hit again with tax raid on pensions; Setback for Gurkhas in pensions battle with MoD

UK - The Treasury confirmed the annual allowance will be cut from £255,000 to £50,000 and the lifetime allowance reduced from £1.8m to £1.5m.

HUNGARY - Hungarian pension-fund companies will protest against the government's plan to suspend contributions to workers' retirement accounts for a year, an industry association said.

IRELAND - Almost 80% of Ireland's defined benefit schemes have already closed or are likely to close to new employees, research shows.

The coalition was right to heed warning about the potential impact of an annual allowance as low as £30,000, trade bodies say.