News

Pension Protection Fund chief executive Alan Rubenstein has defended the lifeboat fund's decision to take a stake in Jessops as part of a failed rescue effort in 2009.

International Accounting Standards Board chairman Hans Hoogervorst has admitted weaknesses in accounting standards allowed banks to hide losses and front-load profits in the run up to the financial crisis.

The cost of governance is increasing as it becomes increasingly important to schemes and others in the financial services industry, research has shown.

The industry has welcomed an Office of Fair Trading probe into defined contribution schemes' value for money as the charges debate rolls on.

The trustee of the Britvic Northern Ireland pension plan has appointed Buck Consultants to provide complete pension services.

Sackers has promoted Joanna Smith to the role of associate.

Xafinity Claybrook has launched a service to provide members mobile access to their corporate pension.

Allenbridge Investment Solutions has appointed Tim Gascoigne as its head of alternatives.

The Office of Fair Trading has launched an investigation into the value for money of workplace defined contribution pensions schemes.

Taxpayers could be exposed to substantial losses from government guarantees on infrastructure projects designed to attract investors like pension funds, the National Audit Office warns.