Investment

Royal Mail has agreed to pay substantially higher pension contributions to plug the scheme's multi-billion pound deficit.

British Telecom is to challenge Ofcom's decision not to take into account its scheme deficit when setting its regulated charges.

US - The Florida Retirement System (FRS) Pension Fund posted a 14.03% return for the year to June 30, recording its greatest return over benchmark for the last 25 years.

The Macmillan Cancer Support pension scheme has appointed Mn Services as its fiduciary manager, to advise the trustees on their investment strategy.

UK - The government is proposing to scrap the default retirement age of 65 by October next year.

US - The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) beat its policy benchmark by 305 basis points in the past year helping to increase total assets by $3.6bn.

Local government pension funds have been urged to give financial backing to public building projects which risk failure due to government spending cuts.

The global equity selection process is shifting away from traditional active managers towards a longer-term, unconstrained selection framework, Lane Clark & Peacock says.

Each month DC World asks readers for their views. This month we ask: Would early access to pension pots encourage greater saving or generate insufficient retirement funds?

Yes - wherever this is practically possible. From Towers Watson point of view as one of the pioneers of STP (SWIFTNet funds ISO20022) it is already established as an industry standard especially within the third party administrator (TPA) arena.  For example,...