News

The number of people covered by employer-sponsored group risk policies increased by 3.1% in 2017, Swiss Re's Group Watch 2018 reveals.

The Pensions Regulator (TPR) has revealed it had nine meetings with the pension fund trustees of GKN from April 2016 to March 2018.

The Church of England Pensions Board has issued £50m of bonds to purchase additional properties for its clergy retirement housing scheme.

The Work and Pensions Committee (WPC) has announced an inquiry into proposals within the government's white paper on defined benefit (DB) schemes.

This week's top stories include Tesco cutting its defined benefit deficit by £2.8bn after it changed the way it reflected long-dated corporate bond yields in its discount rate.

The BT Pension Scheme (BTPS) is to sell two-thirds of its interest in Hermes Fund Managers, the investment company it founded 35 years ago, to American asset manager Federated Investors for £246m.

The time and costs involved in the process of tendering and/or switching a fiduciary manager can be 'considerable' and may make it more difficult for schemes to assess value for money and switch provider.

Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.

Granting statutory protection to pre-1997 benefits in defined benefit (DB) schemes would be an unfair cost to sponsors and would force even more closures, according to this weeks' Pensions Buzz respondents.

Pension transfer values rose last month from £232,000 at the end of February to £235,000 by the end of March, according to Xafinity's Transfer Value Index (TVI).