News

US - Former New York state comptroller Alan G. Hevesi told New York Attorney General Andrew Cuomo's office he is willing to plead guilty in connection with a probe of corruption at the state pension fund, according to a person familiar with the investigation....

The Pension Protection Fund is set to cut its levy demand by £120m to an estimated £600m.

GLOBAL - More than 800 institutional investors from across 45 countries have now committed to the United Nations-backed Principles for Responsible Investment (PRI), with a record 268 joining in the last year.

Underfunded local authorities could be subjected to indiscriminate cuts as part of George Osborne's spending review, a former local government pensions officer warns.

Proposals to cut The Pensions Advisory Service were "inevitable" given the government's austerity agenda, former chief executive Malcolm McLean says.

More than half of scheme managers believe Pension Protection Fund plans to become financially self-sufficient by 2030 are overly cautious.

EU proposals that over-the-counter derivatives go through a central clearing counterparty could significantly increase costs for schemes.

Aegon's announcement that it is winding up its third-party administration business is "not a surprise" as the market heads towards further consolidation, industry experts say.

Savers are facing a rare conundrum about whether to lock into a lifetime annuity amid unprecedented economic uncertainty, Hargreaves Lansdown says.

Property will face a tough second half of the year as fiscal austerity measures hit investment returns, ING REIM chief executive Kevin Aitchison warns.