Investment

GLOBAL - Companies in more countries are starting to adopt the two-tier model of defined contribution funding typically found in the US, said Craig Burnett, Mercer's European head of DC.

US - The funding status of US corporate pension funds improved nearly three percentage points in July on the back of strong global equity performance, BNY Mellon Asset Management says.

The Debt Management Office has "no plans" to introduce CPI-linked gilts to help schemes hedge inflation, PP can reveal.

The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say

UK/US - The UK and US defined contribution markets are swapping attitudes towards annuitisation, industry figures say.

Tom Selby looks at the potentially costly clarification of equal pay regulations for local authorities

IRELAND - Defined contribution scheme investors should avoid long-term bonds as the trend towards historically low interest rates is likely to reverse over the medium term, Hewitt Associates believes.

Curtis Arledge, former chief investment officer for BlackRock's fundamental index portfolio, will join BNY Mellon Asset Management as vice-chairman and chief executive.

Premier Foods aims to close its defined benefit pension schemes to new members by April, next year in a bid to tackle a £431m combined deficit.

GLOBAL - A growing number of multi-national companies are developing global pension committees and policies in order to gain a better grasp on their fund liabilities, says Mercer global chief retirement strategist Bruce Rigby.