News

Stephen Lloyd MP has called on the secretary of state for work and pensions to investigate the pensions transfer market and ban contingent charging.

Brunel Pension Partnership has begun a formal search process to appoint managers to run a £1.1bn emerging market equity portfolio.

Legal and General (L&G) has appointed Joanne Segars as a member of its independent governance committee (IGC).

Pension cold-callers will face tougher sanctions from today as a long-awaited ban poses fines of up to £500,000 for "callous crooks" attempting to scam savers.

Defined benefit (DB) schemes fell back into deficit on aggregate over December as gilt yields and asset returns fell, the Pension Protection Fund (PPF) says.

Parliament's Work and Pensions Committee has launched an inquiry into contingent charging on defined benefit (DB) pension transfer advice.

The Department for Work and Pensions (DWP) has amended draft no-deal Brexit regulations to remove a provision which would have made scheme investments illegal.

The combined pension deficit of FTSE 350 companies grew by £9bn in December 2017 to £41bn one year later on an accounting basis, according to Mercer's funding tracker.

Members and trustees will never understand GMP calculations, and the regulator should not be allowed to create its own rules, according to this week's Pensions Buzz respondents.

Capping the pension tax-free lump sum at £40,000 would raise £2bn a year for the government, new research by the Resolution Foundation suggests.