Investment

GLOBAL - Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.

Regulators should promote countercyclical funding policies, like providing better tax ceilings for over-funded schemes, in order to support the continuation of defined benefit plans, the OECD said.

The Pensions Regulator suspended trustees from more than 100 defined contribution schemes in the past year, its annual report and accounts reveals.

UK - The Pensions Regulator suspended more than 100 defined contribution scheme trustees in the past year, its annual report and accounts revealed.

GLOBAL - BlackRock has reported a US$213.3bn loss in assets under management in Q2, blaming sharp falls in equity markets and costs related to its acquisition of BGI.

The Pensions Regulator's determinations panel will decide in September whether or not will issue its third financial support direction - against the Lehman Brothers Group.

Women aged over 50 must re-engage with their pension planning as just 38% are saving adequately for retirement, Scottish Widows warns.

FTSE100 bosses on average receive pension contributions of £267,000 per year - three times the level of FTSE250 executive directors, a survey shows.

The Pensions Regulator has urged trustees to review their scheme rules to assess the impact of forthcoming indexation changes.

US - The California State Teachers' Retirement System posted returns of 12.3% for the year ended June 30 but said losses from the financial crisis remain on the books.