News

Capita has set out plans to transform its business and raise £701m in additional capital at the same time as it unveiled a £513.1m annual loss.

Two men were sentenced to jail after luring 16 victims into transferring nearly £1m of their pensions into a non-existent occupational scheme in an "elaborate" liberation scam.

Graham Vidler has stepped down from his position as director of external affairs at the Pensions and Lifetime Savings Association (PLSA) after four years in the role.

Pension schemes and institutional investors are being offered a "revolutionary" streamlined process for exercising their shareholder voting rights as KAS Bank launches Voteroom.

A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.

Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.

Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.

The Treasury has reaffirmed its decision against rolling out freedoms to the annuity market, arguing it would be impossible to balance consumer protections with a functioning market.

Defined benefit (DB) 'superfund' consolidators will not take off, according to 52% of this week's Pensions Buzz respondents.

This week's top stories included IC Select's launch of a fiduciary management performance standard, and the High Court ruling that trustees can recover pension overpayments without a time limit.