News

More than half of scheme managers believe Pension Protection Fund plans to become financially self-sufficient by 2030 are overly cautious.

UK - Two overseas firms have teamed up to challenge the powers of the UK's pension regulator to require they provide financial support to their UK pension funds.

Tory MP Ken Clarke has given up the lucrative grace-and-favour pension pot he is entitled to as Lord Chancellor.

Nortel Networks and Lehman Brothers have joined forces to challenge The Pensions Regulator's ability to issue them with a financial support direction.

Government proposals to end compulsory annuitisation could increase member longevity risk, the Pensions Policy Institute believes.

Aegon staff braced for job cuts in UK overhaul; Aviva launches time to act pensions iPhone app

GLOBAL - London hedge fund manager Cheyne Capital Management has raised more than $100m for its Event Driven fund since launch a year ago with about half coming from European and UK pension funds.

Aviva is launching a free smartphone application to make pensions planning simpler and more accessible.

Threadneedle has launched an absolute emerging market macro fund following demand from clients.

UK - The industry is likely to be kept waiting until November to hear the findings from the auto-enrolment review, Nigel Waterson says.