News

GMB members working for the National Association of Schoolmasters Union of Women Teachers (NASUWT) have voted for strike action over proposed changes to their defined benefit (DB) pension scheme.

Contract-based schemes could face requirements to disclose their firms' policies on environmental, social and governance (ESG) issues under Financial Conduct Authority (FCA) plans.

Kate Smith has been named head of master trust at Aegon following the acquisition of BlackRock's defined contribution (DC) businesses.

The government has rejected the Treasury Committee's call for fundamental and incremental changes to pensions tax relief, noting there is "no clear consensus".

BlackRock has won over a quarter of a £109bn Scottish Widows mandate following a competitive tender process, as the battle for the remaining £79bn in assets continues.

In this week's Pensions Buzz, respondents warned schemes being required to offer partial transfers could lead to too many administrative burdens

The government needs to boost pension schemes' access to illiquid investments, remedy the net-pay tax relief anomaly, and focus on securing a "successful Brexit" for pensions in its upcoming Budget, says the Pensions and Lifetime Savings Association (PLSA)....

This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.

Capital Cranfield has hired Peter Thompson and Fiona Stark as professional trustees in response to strong demand from pension funds.

Newspaper publisher Johnston Press is pushing on with hopes to detach itself from its defined benefit (DB) pension scheme as it launched a search for a buyer.