HSBC

Could data protection officers reduce the chance of pension scams? Michael Klimes finds out

More than one in four Brits believe people should spend all their money in retirement and leave the next generation to fend for themselves, according to research.

Lesley Alexander has been appointed managing director of Ferrier Pearce.

Many UK workers are facing a significant shortfall in their retirement incomes as a result of the global economic downturn in 2008 according to research from HSBC.

The shakeup coming to pensions in April 2015 has given trustees of defined contribution (DC) schemes a lot to think about. High on the list of concerns is what to do with their investment strategies.

The HSBC Pension Scheme has moved £1.8m of its defined contribution (DC) assets that had previously been managed in-house onto Fidelity's investment platform.

Phillip Bretnall talks to PP about the bank's Know You programme

Schemes can expect to get clarity as to what the guidance guarantee entails by the end of the year according to pensions minister Steve Webb.

Allowing defined contribution (DC) members to buy pensions in defined benefit (DB) sections can significantly drive up liabilities, HSBC Bank Pension Trust chief executive Lesley Alexander warns.

Assets under management (AUM) at the world's top 500 managers increased by $5.2trn (£3.2trn) over the course of 2012, research from Towers Watson shows.