News

Defined benefit (DB) consolidator Clara will get up to £500m of capital backing from global credit investment firm TPG Sixth Street Partners (TSSP), paving the way for its first deals.

The £50m Crystal Trust has welcomed 35,000 members from The Open Pension Trust, absorbing £33m of members' assets.

The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.

Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).

The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.

The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.

The Reuters Pension Fund has completed a £625m full pensioner buy-in with Canada Life in the insurer's largest ever deal.

Anthony Arter will continue as head of The Pensions Ombudsman (TPO) until 31 July 2021, the Department for Work and Pensions (DWP) has announced.

The Nottinghamshire County Council Pension Fund has hired Kames Capital to run a £22m property mandate.

Former BHS owner Dominic Chappell has been ordered to pay £124,000 after losing an appeal against his conviction for failing to provide information to the regulator.