News

Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.

Royal London's new business pension sales fell by 4% over the course of a year primarily due to a slowdown in defined benefit (DB) transfers, the firm's half year results reveal.

This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.

Cosan Consulting has launched an outsourced trustee executive support service to provide support independent from all other current provision.

Professional Pensions is holding its Fiduciary Management Focus on 9 October.

The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.

UK gross domestic product (GDP) contracted in the second quarter for the first time since 2012, the Office for National Statistics said in its latest report, meaning the UK is only one negative quarter away from a recession.

The government is looking to bring forward legislation to give The Pensions Ombudsman (TPO) additional powers, including an early resolution function, "in due course".

The investment portfolios of consolidators could be more resilient to market shocks than the typical insurer portfolio, latest research by Redington reveals.

Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.