News

The Single Financial Guidance Body (SFGB) will be rebranded as the 'Money and Pensions Service', the government has announced.

The Financial Conduct Authority (FCA) has appointed Richard Lloyd, re-appointed Baroness Sarah Hogg, and extended Amelia Fletcher's appointment as non-executive directors.

The deficit of defined benefit (DB) pension funds was £200bn at the end of February, according to figures released by PwC's Skyval index, £10bn lower than at the end of January.

Sponsors and trustees of defined benefit (DB) schemes with 31 March valuation dates need to discuss their options given the clash with Brexit, according to Aon.

Daily Mail and General Trust (DMGT) has pledged to contribute £117m to its pension scheme after it disposes of its shares in Euromoney Institutional Investor.

Just one in 20 members feel too much of their income goes into their pension, NEST Insight says.

The National Express UK Pension Scheme has completed a full buy-in with Rothesay Life, insuring benefits for all members.

The Pensions Administration Standards Association (PASA) has launched its first round of guidance to help administrators, trustees and employers assess the quality of their data.

This week's top stories included an accountant admitting fraud and making employer-related investments in the latest criminal prosecution pursued by The Pensions Regulator.

The amount of hedging against interest rate risk rose to £31.7bn in the fourth quarter of last year, according to BMO Global Asset Management.