News

UK - The National Employment Savings Trust has reduced the upfront charge on contributions going into the scheme from 2% to 1.8%.

The National Employment Savings Trust has reduced the upfront charge on contributions going into the scheme from 2% to 1.8%.

US - Steven Rattner, co-founder of Quadrangle Group, said the settlement sought by New York Attorney General Andrew Cuomo in a pension-fund kickback case is "close to extortion".

Mercer has strengthened its implemented investment solution offering with three senior appointments.

UK - Increased life expectancy published by the Continuous Mortality Investigation will add an extra £5bn ($7.8bn) onto UK pensions and spark a wave of longevity trades, Aon Hewitt says.

UK/EUROPE - A new tax transparent fund vehicle to be launched ahead of the implementation of UCITS IV regulations should attract more than £20bn ($31bn) of additional multinational pension fund investments, Deloitte says.

A new tax transparent fund vehicle to be launched ahead of the implementation of UCITS IV regulations should attract more than £20bn of additional multinational pension fund investments, Deloitte says.

The switch from RPI to CPI for pensions indexation will give members a lower outcome over the long term but gives better consistency, Steve Webb says.

Increased life expectancy published by the Continuous Mortality Investigation will add an extra £5bn onto UK pensions and spark a wave of longevity trades, Aon Hewitt says.

Job-hopping employees could miss out on higher retirement income because most don't know they can combine multiple pension pots at retirement, research says.