News

Financial services provider STM Group will expand into the auto-enrolment (AE) market after acquiring Carey businesses for £400,000.

Investment consultants including the 'big three' have all agreed to participate in discussions to develop a strategy to demonstrate whether they provide value for money to pension fund clients.

Chancellor Philip Hammond is set to announce cuts to pensions tax relief in his Budget later this month in order to raise revenue to pay for NHS funding commitments, according to reports.

Paul Dickinson has replaced Emma Howard Boyd as chair of ShareAction after her three-year tenure.

The beleaguered Nortel Networks UK Pension Plan has entered into a £2.4bn buyout with Legal & General (L&G), insuring members' benefits nearly a decade after its sponsor collapsed.

Paul Maguire has joined Barnett Waddingham as investment consultant to the charity and not-for-profits sector as part of plans to bolster the business.

Industry heavyweights have urged chancellor Philip Hammond to take action on the net pay pensions tax relief anomaly which affects lower-paid earners.

Collective defined contribution (CDC) schemes could be a "halfway house" for the public sector but will appeal to "very much a minority" in the private sector, Baroness Ros Altmann says.

This week's top stories included The Pensions Regulator's announcement that 30 master trusts have or will exit the market, and industry experts calling for the watchdog to reveal the names of those master trusts.

Partial defined benefit (DB) transfers are easier than trustees think and all schemes should offer them, XPS Pensions Group says.