News

UK - The BT Retirement Plan has confirmed that it has sacked Barclays Global Investors (BGI) as its active equities manager due to poor performance.

The occupational pensions industry has become swamped by regulatory change and a massive increase in red tape. But has it improved the day-to-day running of occupational schemes? The answer from most practitioners has generally been negative.

A self-invested personal pension provider has pledged its commitment to in-specie contributions despite A-Day tax rules making them more complicated.

CANADA - Actuaries have called on the government to implement a 10-point plan to help millions of Canadians save for an independent retirement and reverse the decline in defined benefit (DB) plans.

The Pensions Regulator's proposed principles-based clearance guidance needs more work to ensure it is adopted smoothly, a consultant claims.

Media group Emap is considering the sale of its pension fund to a third party, sources suggest.

The government is rethinking proposed changes to section 75 buyout debts amid fears they would have a "catastrophic" effect on firms leaving a multi-employer scheme.

The scheme-specific funding regime is forcing trustees to think long term and consider what happens after they become fully funded, Hewitt Associates claims.

UK - The British Telecom, Friends Provident and Stagecoach Group pension schemes have come top in the UK Social Investment Forum (UKSIF) Sustainable Pensions Report.

More than 3000 schemes have not yet submitted their first valuation to the Pension Protection Fund and could pay "substantially" higher levies, a consultant warns.