News

Melrose Industries' £8.4bn offer has been accepted in today's shareholder vote, which will include injecting up to £1bn cash contributions for its two defined benefit (DB) schemes.

The independent governance committee (IGC) for Prudential has improved value for money for members by simplifying charging structures and starting to shut expensive funds, according to its third report.

Pensions and risk consultancy Hymans Robertson has appointed Alistair Russell-Smith as head of its corporate defined benefit (DB) practice, effective from 1 April.

Members of the University and College Union (UCU) are to be balloted on the latest Universities Superannuation Scheme (USS) offer, the trade union has announced.

This week's top stores included news that Nortel Network's UK defined benefit scheme will exit Pension Protection Fund assessment with £550m from insolvency proceeds to use to boost members' benefits.

Postal workers have voted strongly in favour of a deal that includes plans to set up the UK's first collective defined contribution (CDC) pensions scheme, during a Communication Workers Union (CWU) ballot on 28 March.

Steelworkers are set to receive their first payments today from the new British Steel Pension Scheme (BSPS), which is now in full operation for over 80,000 employees.

John Ball has been appointed as the Church of England Pension Board's new chief executive officer (CEO).

Providers offer 'large amounts of information'

Over 170 asset managers have rejected an initiative which requires better disclosure of fees UK public pension funds are charged, despite increased regulatory pressure on costs throughout the industry.