News

Government plans to extend flexible working rights to millions of parents have been welcomed.

More than 80pc of pensions offered to new employees at Britain's biggest firms are defined contribution plans, new research shows.

Takeover attempt aborted

Almost half of trustees believe the shift away from defined benefit schemes is irreversible, a survey shows.

The extent of trustees' duty of care to the Pension Protection Fund will be clarified in a forthcoming court case, a lawyer and trustee claims.

Global equity funds are favouring emerging markets over the US, with several managers also looking at opportunities in large-cap growth stocks, research shows.

Trade union Unite is backing moves to block the proposed sale of Telent to Pension Corporation unless there are guarantees over the £3bn pension fund.

Transfer fears allayed

Legal & General is to use postcodes as an additional risk factor for annuities following a pilot study with independent financial adviser Hargreaves Lansdown.

Chilean pension fund regulator SAFP is giving schemes a year to bring their portfolios back within legal limits.