News

PricewaterhouseCoopers has been forced to undertake an exhaustive review of its client base after the Financial Reporting Council discovered it was acting as auditor to a company while providing actuarial services to its defined benefit pension scheme....

Resolution has finalised its deal to buy Axa's UK life businesses as part of its ongoing acquisition programme, which is likely to continue until the middle of next year.

Public sector workers earn £136 a week more in pay and pensions than their private sector counterparts, Office for National Statistics data proves.

Cameron warned of pension cuts backlash

Financial secretary Mark Hoban has pointed the finger of blame at the Labour government for the scale of payments owed to Equitable Life policyholders following the insurer's near collapse 10 years ago.

Policy adviser Ros Altmann is set to join the Saga Group in the newly-created role of director general at the start of October.

UK - ‘Beauty parades' used to hire traditional investment managers don't work with transition managers, said Andrew Williams, principal at Mercer Sentinel.

UK - The aggregate funding position of the 6,653 schemes in the Pension Protection Fund's 7800 index worsened to a deficit of £53.5bn ($82.6bn) at the end of August.

UGANDA - Uganda's National Social Security Fund is signing on new asset managers to help it manage its equities portfolio.

US - Almost all pension executives prioritise funded status over increasing returns, an SEI quick poll shows.