pensions

James Purnell, the work and pensions secretary, has resigned from the cabinet and has told Prime Minister Gordon Brown to 'stand aside'.

A decision by Barclays to close its final salary pension scheme to future accruals as part of a review of its pension arrangements has called into question the future of defined benefit (DB) plans.

The Personal Accounts Delivery Authority (PADA) has released a shortlist of administration firms it is considering for the contract to manage the new pension plans.

Friends Provident's sales of life and pensions products fell 40% over the past year, though the firm insists it is on course with its strategic aims.

Norwich Union saw UK life and pensions sales tumble by 12% during the first quarter of 2009, it has revealed today.

The Brooks Service Group pension scheme has become the 100th to transfer to the Pension Protection Fund (PPF).

Royal London Group made a £762m loss after tax last year and saw its capital surplus shrink by £1.1bn due to poor investment markets.

Final salary pension schemes experienced the highest five-day volatility on record, with the biggest single day loss of £27bn on Monday, Aon Consulting says.

Scottish Life, the pensions arm of the Royal London Group has rolled out an improved support structure for IFAs based in Northern Island.

Pension specialists Scottish Life has appointed support firm Barrie & Hibbert to help it develop an investment framework to support its Governed Range Investment proposition.