News

M&G's real estate investment arm PRUPIM has completed the freehold purchase of Heathrow Terminal 5's Hilton hotel.

The Department for Work and Pensions is considering an outright ban on consultancy charges on pensions which are borne by members.

Pensions minister Steve Webb has reiterated his opposition to a cap on scheme charges and said he prefers to "shame" or "praise" schemes and employers to encourage high quality provision.

Muzinich & Co has appointed Warren Hyland as emerging market corporate debt portfolio manager.

The Office of Tax Simplification has made a range of recommendations in a bid to make tax simpler for Britain's pensioners.

The Pensions Advisory Service employees are the first to complete the Certificate in Pensions Automatic Enrolment from the Pensions Management Institute.

Unilever's scheme deficit rose by €500m in 2012 due to falling discount rates and a 33% fall in the value of its assets.

The Pension Protection Fund has appointed chief financial officer Andy McKinnon as an executive director to its board.

Industry figure Margaret Snowdon is to join JLT Benefit Solutions as a director from next week.

The National Employment Savings Trust has cut its allocation to conventional gilts across all 47 of its retirement date funds.