News

The chancellor announced today that the government will stop using the current model of private finance initiative (PFI) to fund the future building of infrastructure in response to concerns.

The Department for Work and Pensions (DWP) will consult on the detailed design for the pensions dashboard later this year and the project will include the state pension, it has been confirmed.

Shadow chancellor John McDonnell has pledged that existing pension fund investors in key utilities companies will be granted a long-term "stable return" if the party is able to press ahead with plans for renationalisation.

Some 53 FTSE 100 sponsors made "significant" deficit recovery contributions (DRCs) to their defined benefit (DB) schemes over the year to 31 March 2018, according to JLT Employee Benefits.

In this week's Pensions Buzz, respondents urged caution over the use of fear to engage people in pensions.

Tendering for fiduciary management has led to fees being reduced by between 19% and 22%, latest analysis by the Competition and Markets Authority (CMA) finds.

The £30bn Brunel Pension Partnership has announced it will commit £340m to long-lease property funds for three of its 10 local authority partner funds.

Recruitment agency Workchain has been hit with a £280,000 fine after posing as temporary staff and illegally opting them out of their workplace pension scheme.

Pension funds can step up their environmental commitments by ensuring they take full account of climate change in their investment strategies, pensions minister Guy Opperman has said.

This week's top stories included the High Court ruling that guaranteed minimum pensions must be equalised, and Ford offering partial defined benefit transfers to members.