News

The Pension Scams Industry Group (PSIG) has updated its voluntary code of practice to reflect regulatory and legislative changes that have affected the industry over the last year.

Independent Trustee Services (ITS) has become a fully independent firm after undertaking a management buyout from Mercer.

The Association of Consulting Actuaries (ACA) has thrown support behind proposals to allow first-time buyers to use part of their pension pot as a deposit for a home.

The Competition and Markets Authority (CMA) has issued a legally-binding order in a bid to help pension trustees make better decisions for the £1.6trn of retirement assets they oversee.

This week's top stories included Legal & General completing a record-breaking buyout with the Rolls-Royce UK Pension Fund, and the government setting out plans for flexible NHS pensions.

Aviva has split its life and general insurance business arms as part of a bid to make the company simpler and boost its competitiveness.

This week's Pensions Buzz respondents rejected James Brokenshire's suggestion that savers should be able to use their pensions to fund deposits for house purchases.

ReAssure Group has revealed its intention to publish a registration document and its potential intention to float on the London Stock Exchange (LSE).

Workplace pensions look more like individual savings pots as too much risk is loaded onto members, Institute for Fiscal Studies (IFS) director Paul Johnson warns.

Trustees must have a "clear view" of the increasing number and sophistication of security risks, the Pensions Administration Standards Association (PASA) says as it launches guidance on cyber-security.