News

Crisis ‘action' makes me a cynic

THE UK Social Investment Forum has named the British Telecom, Friends Provident and Stagecoach pension funds as the top ranking schemes for responsible investment.

Defined contribution scheme members need nearly 50pc more paid into their plans to have a comfortable retirement, Mercer research shows.

Oil giant Shell UK is taking a pension contribution holiday after an actuarial valuation showed its £12.1bn defined benefit scheme is "heavily" in surplus.

Schemes can get the main benefits of hedge fund investment without the associated high fees by using 130/30 funds, JPMorgan claims.

UK - New research from Watson Wyatt has found that 70 % of senior new hires at large UK companies are now offered a defined contribution (DC) pension.

Software provider Focus Solutions is launching an "out of the box" extranet solution for the sale of self-invested personal pensions.

Many people are relying on property to fund retirement, an investment management firm claims.

Companies could jeopardise Pension Protection Fund levy savings if they appoint directors who have been involved in business failures, Aon Consulting warns.

Independent financial advisers must ensure savers need the extra flexibility self-invested personal pensions give them, the Financial Services Authority warns.