News

The Bank of England will pump a further £50bn into the lagging economy through quantitative easing, amid industry warnings that companies will be forced to plug rocketing deficits.

A "perfect storm of de-risking" could lead to widening pension deficits that will dwarf bond markets, warns the Society of Pension Consultants.

Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.

The Bank of England is likely to pump another £50bn into the UK economy today, in the latest round of quantitative easing.

Aviva has overhauled its senior management team and announced a revised strategic business plan after major shareholders raised serious concerns.

Schemes are set to gain a reprieve from impending European derivatives regulation, following warnings that banks will pass on increased costs to their pension fund clients.

Pensions minister Steve Webb says it is a "proud moment" as early stagers begin to auto-enrol their workforces in the first foray into auto-enrolment.

The Pensions Regulator needs to "beef up" its advice to consumers about alternative annuities, Prudential head of business development Vince Smith-Hughes says.

The pensions industry has rallied behind Steve Webb over his suggestion that the government should intervene in the way defined benefit liabilities are calculated.

Schemes using liability-driven investment strategies could have misjudged their swap contract costs for more than four years due to the LIBOR manipulation scandal.