BoE to test 'shadow banking' after markets chaos
The Bank of England will test so-called shadow banking institutions such as pension funds, that played a key role in recent UK bond market chaos, it said Tuesday.
From Apollo to DZ Bank, funds snap up bargains in UK pension scramble
Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist.
UK bond turmoil leaves smaller pension schemes with longer-term costs
The recent crisis in Britain's government bond market means smaller UK pension schemes may fork out more money for a bespoke liability-driven investment (LDI) strategy in future to ensure better protection, industry sources say.
Britain to go it alone for now on reining in 'shadow banking'
Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead to tighten oversight of the so-called shadow banking sector, taking the lead ahead of possible co-ordinated international action.
Pensions: how yours may have been affected by recent market turmoil
Sudden changes in the gilts market are rare, but when they do happen it can cause major problems for certain types of pension scheme.
British pension funds step up fire sales as need for cash soars
UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat.
GDP stats to reveal depths of virus-fuelled UK recession
The UK economy contracted by 2.2 percent in the first quarter.
BT ponders scrapping its defined contribution pension plan after running up a £7bn deficit
The telecom major's pension scheme review is due to commence in June 2017.
Companies underpay workers in a bid to rescue pension funds
Resolution Foundation says workers miss out on £200 a year as companies plough money into pension schemes.
Pensioners are now better off than working families due to weak wage growth
Pensioner households £20 a week better off than working counterparts, Resolution Foundation report shows.
Lloyds profit slumps amid latest PPI mis-selling hit
FTSE 100 lender will set aside a further £1bn to compensate for mis-sold payment protection insurance.
Pensions under pressure as companies seek government approval to cut back on payments
PLSA report states that defined benefit pension schemes should be made more flexible over time.
BMW's UK workers stand to lose amid carmaker's plans to change pension schemes – report
BMW UK intends to shift from its two defined benefit schemes to a less generous defined contribution scheme.
Lloyds faces legal action over '£20bn pensions discrimination time bomb'
Approximately 100,000 female employees at Lloyds thought to have missed out on £2,000 each.
Trinity Mirror warns of Brexit impact despite sharp increase in profit
Trinity Mirror's first half profits soar 42% year-on-year despite decline in print revenue.
Tata Steel crisis: Sajid Javid's proposal to change pension plan faces resistance
The business secretary's plan is to link the annual uplift in pensions to the CPI instead of RPI.
BHS £300m pension deficit will be absorbed by Pension Protection Fund
Pensions for BHS's senior management is well-funded, claim sources.
Legal & General to battle with Rothesay Life for Aegon's £9bn annuity book
Aegon is keen to close the deal before sweeping new capital rules known as Solvency II comes in next month.
Pension freedoms will see £6bn taken from pots as Treasury counts tax receipts
Government pension reforms will earn Treasury about £1.2bn in tax revenues this year.
Axiom Verge review: Sci-fi metroidvania bursting with imagination
Sci-fi indie epic is a remarkable achievement in game development.
Ros Altmann: Older workers tsar blasts George Osborne over lifetime pension limit cut
EXCLUSIVE: Altmann tells IBTimes UK the move would 'send the wrong message' to savers.
UK's Ageing Workforce Means Firms Will Have to Pay £1.8m Extra in Pensions
Mercer says firms will need to make the move because workers are expected to live six months longer.
DWP Trumpets 'Defined Ambition' Workplace Pensions
The Department for Work and Pension has published a draft legislation.
George Osborne's Collective Pension Plan 'Could Harm UK's Insurance Sector,' Warns Fitch
Ratings agency says the scale of the impact on the industry depends on how the plans are implemented
Queen's Speech 2014: UK Government Unveils Dutch-Style Private Pension Plans
The proposal was unveiled during the Queen's speech during the state opening of parliament.
Standard Life Shares Dip on UK Government's 'Collective Pension Plan'
Sunday Telegraph says government will unveil plans to introduce a Dutch-style collective pension plan.
Defined Benefit Pension Deficits Hit £111bn for UK Blue Chip Firms
The new all-time-high in April was despite improving stock market returns.
Lloyds Caps 35,000 Staff Pensions While CEO Antonio Horta-Osorio Gets £8m Pay Day
Lloyds pensions cap will generate £1bn income.
Cost of Retirement: UK Pension Fund Bosses Forced to Disclose Hidden Fees
Move comes after the Pension Minister called for a cap on charges of more than 0.75%.
HSBC Profits to Rise on Job Cuts, Lower Mis-Selling Payouts and Less Business Class Air Travel
However, Forensic Asia report says HSBC need to inject £70bn of capital by 2020.