News

Personal Accounts Delivery Authority chairman-designate Paul Myners is set to take a leading role at beleaguered mortgage provider Northern Rock.

Auto-enrolment into personal accounts could spell disaster for group personal pensions unless problems with European law are resolved quickly, Scottish Life says.

Evolution in the world bond market has resulted in new alpha strategies for pension schemes including taking advantage of unwinding in the credit market.

The £1.5bn BAA Pension Scheme has appointed fund manager State Street Global Advisors to manage a £330m global equity 130/30 mandate.

Bulk annuity buyout specialist Paternoster has admitted increased competition is leading some firms to quote "uneconomic" prices.

Personal accounts will be unfair competition for existing pension providers, Legal & General warns.

The self-invested personal pensions market continues to be dominated by men, figures from James Hay reveal.

Pressures from rising pension costs have been partly blamed for slashing Royal Mail's profits.

Friends Provident has enhanced its group personal pension offering with the addition of self-investment and income withdrawal options.

Winterthur has added two new funds to its tailored selection range available to bond and individual pension investors.