News

Bank of England governor Andrew Bailey has warned the UK economy could suffer worse "scarring" from the coronavirus crisis than originally predicted in August.

The UK Sustainable Investment and Finance Association (UKSIF) has appointed James Alexander as its chief executive officer (CEO).

Former Pension Protection Fund (PPF) chairwoman Lady Barbara Judge has died aged 73 of pancreatic cancer.

Oversimplification must be avoided in The Pensions Regulator’s (TPR) proposed revision of the defined benefit (DB) scheme funding code, and a third way might be necessary, the industry has said.

A potential surge in pension transfer requests as a result of the economic fallout from lockdown could see demand for advice rocket, putting increased pressure on the profession, the Personal Finance Society (PFS) has warned.

The Lothian Pension Fund has pledged to no longer supply funding through new bond or equity investments to companies not aligned with the Paris Agreement.

XPS Pensions has warned that mature schemes could see deficits double without a transition period under The Pensions Regulator’s (TPR) proposed ‘fast track’ funding rules.

The data behind the pensions dashboard must be secure, transparent, and comprehensive enough to gain the trust of savers, the industry has said.

This year might prove to be a blip in the growth of the bulk annuity market despite volumes trending towards £25bn, according to Mercer.

Norfolk County Council has appointed three firms to manage the administration and software provisions for its pension scheme.