News

Ros Altmann, director-general of Saga, has slammed Bank of England deputy governor Charlie Bean after he encouraged people to spend their savings to boost the economy.

Expectations for average total property returns are falling sharply as economic uncertainty, reduced access to financing and increased supply take their toll, a bfinance survey reveals.

UK - Aegon is set to wind down its UK trustee solutions business which provides third party administration services.

Aegon closes more UK operations, cuts jobs; Altmann says Bank of England decimating pensions; Labour 'on track to be debt free by 2015'

Schemes need to be wary of future deflationary pressures when managing liability risks, LCP says.

Women in the pensions industry earn £8,438 a year less than men, a study shows.

AUSTRALIA - Superannuation funds should introduce financial condition reports similar to those required for insurance companies, Mercer believes.

Between 2000 and 2009 Britons collectively saved £384bn into pension funds and life insurance products, according to research from Lloyds TSB and the Office for National Statistics.

The Department for Work and Pensions has appointed Robert Devereux as permanent secretary.

Aegon is set to wind down its Daresbury-based trustee solutions business which provides third party admin services.