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.

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.

Two trustees were found guilty of breach of trust after a member complained five months' of his defined benefit contributions had vanished.