US - CalSTRS has reached a US$105m settlement with AOL Time Warner, claiming AOL's artificially inflated stock price cost the fund $135m.

US - San Diego's mayor and city attorney have called on the city council to eliminate the "costly" Deferred Retirement Option Plan (DROP), which has already cost the city as much as US$400m.

SCHRODERS is exploring the potential of defined contribution lifestyle funds that react to market conditions rather than automatically switch assets at a fixed point.

"ENORMOUS" unexplained variations in actuarial valuations are leading to swings in liabilities of as much as 20pc, research by PricewaterhouseCoopers reveals.

BUSINESSES operating in multi-employer schemes are leaving themselves open to unexpected costs by failing to monitor membership, Punter Southall warns.

AUSTRALIA - Revenue minister and assistant treasurer Peter Dutton has introduced amendments to the Superannuation Legislation Amendment (Simplification) Bill 2007 in parliament.

During the last decade we have seen an unprecedented amount of pension legislation, particularly invo...

THE NATIONAL Association of Pension Funds and Trust Associates have teamed up to launch a service to help trustee boards recruit experienced professionals with investment and other skills.

AUSTRALIA - Australian superannuation fund assets have quadrupled over the past 10 years to approximately A$1tn, according to Watson Wyatt Investment consulting.

Single parents should have a legal right to request flexible working if tougher benefit rules are imposed, the Chartered Institute of Personnel and Development claims.