News

Veteran parliamentarian Frank Field has resigned the Labour whip to serve as an independent Labour MP, sparking uncertainty over his role as chair of the Work and Pensions Committee (WPC).

The £800m Hays Pension Scheme has completed a £270.6m buy-in with Canada Life, insuring all future benefits for pensioner members.

The Pensions Regulator (TPR) was made aware of 1,139 notifiable events from defined benefit (DB) schemes in the 2017/18 financial year, up 28% from 2016/17.

Some 10 million people in the UK stand to retire with £15,000 less if the government scraps the pension dashboard, according to research by 38 Degrees.

The number of firms facing shareholder rebellions increased by a quarter in the 2018 AGM season, data from the Investment Association's (IA) public register reveals.

Investment consultancy Bfinance has hired RPMI Railpen's Sweta Chattopadhyay as director of private markets to head its equity advisory practice.

Theresa May has called on private investors, including pension schemes, to commit more capital to Africa as she sought to drive up relations between the UK and the region.

Mandatory tenders for fiduciary management services should be conducted on a closed basis with no minimum threshold for the number of managers involved, the Pensions and Lifetime Savings Association (PLSA) says.

The Pensions Regulator (TPR) has sent letters to defined benefit (DB) schemes encouraging trustees to consider cutting transfer values on offer when workers want to leave.

GAM Investments has begun the liquidation process of a number of its absolute return bond funds following the suspension of one of its lead fund managers.