£1m for official sacked before he was 50 'to save his pension'; British bosses' pensions soar by almost a quarter despite recession
The government has been urged to freeze state pensions and increase employee contributions to unfunded public sector schemes as part of a detailed plan by the TaxPayers' Alliance to cut public expenditure by £50bn.
Schemes must be wary of migration issues following the closure of a service used for paying overseas pensions, MNPA warns.
UK - The Personal Accounts investment discussion paper received more than 60 industry responses which will help form its final package of advice to the trustee board.
UK - Pension Corporation has appointed six staff across its business to bolster its team.
US - Public pension schemes saw their funding positions deteriorate significantly in 2008, according to a new report by Wilshire Consulting.
GLOBAL - FTSE Group has added 33 companies and removed 15 firms from its FTSE4Good index following a semi-annual review.
ROMANIA - Workers have missed out on an opportunity to capitalise on recent double digit returns because contribution levels are too low, the country's pension funds association (APAPR) says.
FTSE Group has added 33 companies and removed 15 firms from its FTSE4Good index following a semi-annual review.
Pension Corporation has appointed six staff across its business to bolster its team.