The London Pension Funds Authority has repeated its call for mergers of council pension funds following the publication of two surveys suggesting that fees are excessive in the sector
Europes insurance and pensions industries should have to pay a levy to help fund a stronger, more interventionist European Insurance and Occupational Pensions Authority, the chair of the regulatory body has said.
Almost all company directors are now aware of the requirement to automatically enrol their staff onto a pension scheme which they then have to contribute to, according to research published by the Institute of Directors today.
A group of five local authority pension schemes have announced plans to form a £250m investment fund which will back infrastructure projects boosting economic growth.
The European Commission has dropped plans to introduce new capital requirements for pension schemes when it overhauls the Institutions for Occupational Retirement Provision Directive later this year.
The combined value of motor insurance premiums written in the UK last year totalled £13.1bn, almost £200m less than in 2011, Deloitte revealed yesterday.
One in seven people retiring this year will be entirely reliant on the state pension for their retirement income, with women especially dependent on the payouts, according to research published by the Prudential yesterday.
Mergers of local government pension funds will be among the options considered when a consultation is launched later this year on a major restructuring of the Local Government Pension Scheme, it was announced yesterday.
