Pension insurer Rothesay has completed a £160m full scheme buy-in with the Bakkavor Pension Scheme. The scheme is sponsored by Bakkavor Foods, a company specialising in freshly prepared foods, which was acquired...
The public must be brought into decisions about the future of UK pensions if the system is to deliver fair and sustainable retirements, according to a report commissioned by a cross-industry group....
L&G has appointed Rob Groves as chief investment officer of its institutional retirement business. Groves joins from Pension Insurance Corporation where he was CIO and an executive committee member. In this new...
Three quarters (74 per cent) of SME employers worry employees will not save enough for retirement as living costs squeeze disposable income, according to research by People’s Pension. A similar proportion of...
Think tank the Tony Blair Institute has proposed replacing the state pension with a ‘Lifespan Fund’ that can be withdrawn from before retirement. The TBI also proposed replacing the triple lock with...
The Financial Conduct Authority has published guidance on how firms can use distributed ledger technology within the regulator’s existing rules. Newly introduced rules have been implemented with the intention of making fund...
Since the national vote to leave the European Union, UK listed equities have suffered cumulative net outflows of $160bn (£121bn), according to data from Morningstar. The report looked at a decade of...
Pension schemes need to be directing more resources and attention towards administration, particularly in light of challenges such as meeting the scale test, according to Taylor Brightwell-Smith, regulatory theme lead at The...
The pension industry has welcomed the Pension Schemes Act achieving Royal Assent today, the final step in this landmark legislation becoming law. This comes after a deadlock between the House of Commons...
The Pension Schemes Bill was finally approved by the House of Lords on Tuesday evening, following a further watering down of the mandation clause, and is now set to receive Royal Assent...
