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News

Climate change policies 'could halve energy price shock impact'The negative impact oil, gas and coal price spikes have on the UK could be more than halved by using low carbon forms of electricity generation and increasing energy efficiency, the Department for Energy and Climate Change said today. 18 May 2012
FTSE 350 pension deficits 'up by £30bn'The collective pension deficits of the UK's largest companies have increased by almost 50% since the beginning of this month, Towers Watson said today. 17 May 2012
New York 'lowest risk city for employers'New York is the lowest risk city in the world for recruiting, employing and relocating workers according to a study published today by Aon Hewitt. 17 May 2012
Consultancies launch 'one-stop-shop' for Solvency II complianceA service which aims to help insurance companies use the cheapest possible route to meeting the capital requirements of Solvency II has been launched by a partnership of three consultancies. 17 May 2012
Charging code of conduct 'will boost faith in pensions'A new code of conduct on charging for workplace pensions will help employers to chose the best pension for their staff and encourage retirement saving, according to the National Association of Pension Funds. 16 May 2012
28% of Britons over 50 'have no retirement savings'More than one in four UK residents aged over 50 have no pension plan in place and are set to rely on the state pension in retirement, according to research published by LV= today. 16 May 2012
IAS 19 could make pension buy-ins more attractive, says MercerThe imminent European Union endorsement of a new international accounting standard covering defined benefit pensions is likely to prompt an increased focus on the risks involved in pension plans, Mercer said yesterday. 15 May 2012
Trustees 'will seek over £100bn to plug deficit gap'Pension fund trustees could seek more than £100bn in deficit reduction payments from scheme sponsors over the next three years as they try to address the risk of members receiving less than their promised benefits. 15 May 2012
Babies born in 2012 'won't get state pension until they're 77'Children born in 2012 are unlikely to receive their state pension until they reach 77 as a result of plans to increase the state pension age in line with longevity, PricewaterhouseCoopers said today. 15 May 2012
Remove overly-prescriptive pensions rules, says NAPFThe government should remove 'overly-prescriptive' rules governing the type of pensions companies must offer and the way they communicate with their scheme members, the National Association of Pension Funds said today. 14 May 2012