News

Trustees must amend scheme rules quickly if they want pre-A-Day limits to continue to apply so a legal loophole does not increase member benefits, a lawyer says.

Andrew Dyson has quit his role as global head of BlackRock's institutional asset management business, following an operational review that has now dissolved the position.

Projected costs of enforcing the auto-enrolment regime were redacted from the Making Auto-enrolment Work Review but are substantial, delegates heard.

Some 40 members of a scheme whose employer became insolvent may not be covered by the Pension Protection Fund, due to a technicality in the Pensions Act 2004, Ros Altmann says.

Individuals transferring from defined benefit to defined contribution schemes could be expected to sign a statement acknowledging the potential change it may cause to their benefits.

European plans to regulate UK occupational pensions with Solvency II-type requirements would be a "total disaster" for schemes, the Confederation of British Industry warns.

Schemes with less than 1,000 members tend to face higher running costs per member, Department for Work and Pensions research shows.

There is a "real danger" the auto-enrolment regime could be so broad it becomes an unenforceable law, Alan Pickering warns.

US - The Pension Benefit Guaranty Corporation (PBGC) has been "aggressive" in its efforts to preserve pension plans sponsored by troubled companies, director Josh Gotbaum said.

US - AXA Investment Managers has appointed Jeremy Baskin as chief executive officer of AXA Rosenberg, completing the firm's restructure in the wake of the coding error scandal.