News

Amended legislation bringing the UK into line with Europe means trustees must monitor all collective investments to adhere to strict sponsor investment rules.

Enhanced annuity sales reached new records of £582m and £676m in the first and second quarters respectively, Towers Watson data shows.

Pension Insurance Corporation has begun offering scheme sponsors flexible insurance contracts that enable it to switch benefit payments from RPI to CPI.

F&C Asset Management has completed the acquisition of Thames River Capital and strengthened its executive committee in the process.

Absolute return strategies are finding favour with trust-based defined contribution schemes, industry experts say.

The Pensions Trust has developed a new website for the Social Housing Pension Scheme defined contribution structure to be launched in October.

Top company directors' pension pots are 26 times bigger than the average scheme member, statistics from the Trades Union Congress show.

GLOBAL - Pension funds in North America and Europe have different definitions of volatility and generally different approaches to dealing with those swings, a new report by Pyramis Global Advisors reveals.

Aegon is to close half of its regional sales centres in the UK making 142 roles redundant.

FRANCE - French President Nicolas Sarkozy agreed to modify his bill to overhaul the pension system in response to strikes and demonstrations by workers, though he won't retreat on raising the retirement age.