pensions

FINANCIAL SERVICES GROUP Prudential is in talks to sell its private equity division PPM Capital to the company's management team, The Daily Telegraph has learned.

The government would like to see the arrangements for low cost personal accounts to be kept at "arms length" from the state when more details are released in a technical paper scheduled for the Autumn, claims the Minister for Pensions Reform.

The Pensions Regulator has published a discussion paper putting forward new proposals on the content of scheme reports and accounts to be included in the next Statement of Recommended Practice (SORP) for pensions.

An education and communication programme for members of both defined benefit (DB) and defined contribution (DC) occupational pension schemes is being offered by Mercer Human Resource Consulting as part of its all-in-one retirement service.

Defined benefit (DB) schemes could benefit from smaller deficits if changes are made to rules governing scheme surplus refunds, says BDO Stoy Hayward Investment Management.

Pensioners are still set to see a 50% fall in income when they retire despite proposals in last week's pensions reform white paper to improve future pension saving, claims Fidelity International.

As falling bond and gilt yields cause conventional annuity rates to continue to decrease, with-profit annuities are becoming more popular with both advisers and consumers, claims Prudential.

Capita Hartshead has been appointed by the Pension Protection Fund (PPF) to take administrative control of compensation payments to members of eligible defined benefit (DB) pension schemes which have failed.

The code of practice on trustee knowledge and understanding (TKU) is one of four sets of guidance to have come into effect from the Pensions Regulator.

Guidance on how contingent assets can be used when calculating scheme funding for defined benefit pension schemes has been published by the Pensions Regulator.