11/07/2017
Russia bank bailout fallout hands loss to pension fund Budushchee
As a part of the bailout, shareholders may see their stakes written off in full.
Pensions
11/07/2017
UK politicians’ pension fund holds offshore investments
MPs’ retirement fund has £6.6m in BlackRock’s Jersey-registered property trust
11/07/2017
AJ Bell’s Mike Morrison dies
Industry veteran Mike Morrison, head of platform technical at AJ Bell, has died at the age of 55.
10/30/2017
Former Swiss billionaire owners of Monarch tried to dump pension scheme for less than £10m, says PPF
Three years ago, a deal was struck that allowed the pension scheme to fall into the Pension Protection Fund, with the Mantegazzas making a £30m mitigation payment.
10/25/2017
Danish Pension Funds Criticised Over Tesla investments
Tesla, Uncomfortable With The Investement Of Danish Pension Funds
10/24/2017
HMRC under growing pressure to stop over-taxing pension savers' withdrawals
"The way in which pension withdrawals are taxed is little short of a scandal," said Sir Steve Webb, pensions minister from 2010 to 2015 and and now director of mutual insurer Royal London.
10/23/2017
Steve Webb urges HMRC to end emergency tax pension 'scandal'
Royal London is calling on HMRC to take only standard rate tax for lump sum withdrawals.
10/19/2017
"Innovation is key if pensions are to keep up with pace of development" - DWP pensions dashboard commentary, KAS BANK
Fintech has the potential to greatly improve people’s access to, and understanding of, pension’s data which in turn can support improved investment decision-making.
10/18/2017
FCA chief: pension freedoms mean fund managers face gov’t scrutiny
But it does create some very big public policy challenges.
10/16/2017
Two Largest Dutch Pension Fund Managers Successfully Test Blockchain Tech
The final goal is to apply this prototype to the pension administration system and make it cost-efficient, transparent, and flexible.
10/12/2017
Lloyds Buys Zurich's UK Workplace-Pensions and Savings Business for Undisclosed Sum
It didn't say how much it is paying.
10/12/2017
Pensions Dashboard Project Report
The prototype was successfully delivered in March but work has continued to research consumer needs, engage with the wider industry, refine technical standards and look at how it could be appropriately regulated.
10/09/2017
Fee transparency vital to avert European pensions crisis
Efforts to spur workers to save more for retirement can’t solve looming problem alone
09/26/2017
European Pensions to Boost Asset Manager Lineup
According to the report, more than 70% of European pensions mention BlackRock when asked to identify specific asset managers
09/25/2017
Consultants pressure pension funds over ethical investment
Trustees accused of not taking climate change and corporate governance into account
09/21/2017
Spanners thrown in regulator's pension transfers work
A defined benefit transfer has a time window of three months, after which the adviser will need to ask for a new quote, and might be charged for it.
09/21/2017
Pension scam rules set to destroy Ssas market
The new rules require trustees to check their receiving scheme is regulated by the Financial Conduct Authority, or has an active employment link with the individual, or is an authorised master trust.
09/21/2017
TPR defends tough stance on scheme returns
A regulator can only operate in an effective way if it has the information from its regulated community.
09/20/2017
FCA branded too cautious on pension transfer rules
No two clients are the same, and transferring from a DB scheme and giving up a secure income for life is certainly not right for everyone.
09/20/2017
TPR steps up 21st Century Trusteeship campaign to deliver good governance
They will also be signposted to supporting resources, including guidance within TPR’s codes of practice and practical tools to help trustees raise the standards of governance in their schemes.