News

UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.

The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.

The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.

Senior decision makers from more than 20 major pension providers and administrators have come together to discuss how the pensions dashboard could be made a reality.

The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.

A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).

Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.

The Pensions Regulator (TPR) will double down on its supervision with hundreds of schemes expecting increased oversight, while more than 60 will be subject to dedicated, one-to-one supervision.

Marsh & McLennan Companies (MMC), the parent company of Mercer, has agreed to buy JLT for a total of $5.6bn (£4.3bn).

XPS Pensions Group has bought the public sector pensions administration arm of Kier Business Services for a consideration of up to £3.5m in cash.