News

Rules which could have forced overseas firms to remove UK-based employees from their pension schemes have been changed after strenuous lobbying from the industry.

Legal & General has reported a growth of 11pc in new life and pension businesss in its third-quarter results.

UK schemes will spearhead a growing number of US class action law suits as investors become more aware of potential payouts, a lawyer says.

Changes in the reporting of local government pension fund accounts will help improve scheme governance, Hymans Robertson believes.

Demands on schemes and trustees continue to grow exponentially.

US - Specialty materials company Allegheny Technologies Incorporated (ATI) is to make a voluntary US$100m contribution to its defined benefit (DB) pension plan in Q4.

The UK individual retail pensions market is set for further consolidation, a report claims.

Prysmian Cables plans to close its final salary pension scheme to future accrual next year.

Current estimates of retirement savings should be treated with caution, pension reform minister Mike O'Brien has warned.

Changes to the DHL final salary pension scheme have been condemned by the GMB union.