News

A new cost transparency solution is being developed for pension schemes by a financial services technology firm.

Supermarket giant Asda's plans to reform its pensions have been decried as "unfair, unreasonable and unnecessary" as the workers' union began talks with the employer.

The Pensions Administration Standards Association (PASA) has launched a checklist to help trustees with the rectification process for guaranteed minimum pensions (GMP).

This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.

Most respondents believe watchdog's powers should not apply to events before they came into force.

The Pensions Regulator (TPR) has named six schemes and their professional trustees which failed to produce compliant chair's statements.

The Sea Containers 1983 Pension Scheme has been fully insured in a bulk annuity deal completed by Aviva, almost a decade after receiving the regulator's first financial support direction (FSD).

The Work and Pensions Select Committee has urged the FCA to ban the use of contingent charging for pension transfer advice in its latest report into the British Steel Pension Scheme (BSPS).

Scottish Widows and Lloyds Banking Group's (LBG's) wealth businesses have decided to review their asset management arrangements and terminate their partnership arrangements with Standard Life Aberdeen.

Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.