News

The Financial Services Authority has fined Barclays Bank £59.5m for misconduct relating to the London Interbank Offered Rate and the Euro Interbank Offered Rate.

The Co-operative Group is set to offer its career average PACE scheme to all workers following a widespread review of its retirement benefits ahead of auto-enrolment.

In fewer than eight years there will be just one million defined benefit savers in the UK, while defined contribution schemes will cover 16 million workers, the Pensions Policy Institute predicts.

Multinational companies are synchronising their retirement provision across the globe and centralising their benefit structures, a Punter Southall International survey reveals.

The Pension Quality Mark has opened up its awards programme to schemes with flat rate charges and contribution charges ahead of auto-enrolment.

The High Court has ruled trustees in the Federated Flexiplan case have the discretion to award or withhold any surplus arising in the scheme from members.

Institutional investors are selling gilts at the fastest rate in more than a decade according to Office for National Statistics figures.

Prudential Group chief executive Tidjane Thiam has been nominated as the next chairman of the Association of British Insurers.

The Pensions Management Institute has launched a diploma in regulated retirement advice for advisers affected by the retail distribution review.

Closed life fund consolidator Phoenix Group will sell £5bn worth of in-payment annuities to Guardian Financial Services next month.