News

The deficit in the Financial Conduct Authority's (FCA) defined benefit (DB) scheme fell by £32.3m over the course of the year to 31 March this year, the watchdog has revealed.

The £11bn Co-operative Group Pension Scheme (Pace) has chosen LGIM's future world multi-asset fund as its defined contribution (DC) default, switching £290m of member assets into the strategy.

An insurance company director has been banned from company directorships after failing to keep adequate records and provide scheme members with up-to-date information.

Shadow pensions minister Jack Dromey has called for a fiduciary college within a university to serve for member-nominated trustee (MNT) training, amid the regulator's increased calls for professionalism.

Just one in three UK businesses have reviewed their pension strategy in the last two years, according to research by Capita Employee Solutions.

Conservative leadership contender Boris Johnson has promised to fix the pension tax relief rules that are causing senior doctors and highly-paid staff in the NHS to work fewer hours leading to longer waiting lists.

BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.

The Mercer Master Trust has become the 11th to receive authorisation from The Pensions Regulator (TPR), following its application submission in February.

Pensions Buzz peers agreed with pensions and financial inclusion minister Guy Opperman and former shadow chancellor Ed Balls that now might be the time for a fresh commission.

The Pensions Regulator (TPR) has mooted pursuing Sir Philip and Lady Tina Green's overseas assets to ensure there are enough funds for the Arcadia pension schemes.