Investment

The Association of Consulting Actuaries has launched a six-point Retirement Income Manifesto ahead of the general election to address the "alarming decline" in private pension savings.

UK - The Nestlé UK Pension Fund is changing its defined benefit scheme from a final salary to career average.

The expected charging structure for the National Employment Savings Trust has been announced by the government.

UK - The expected charging structure for the National Employment Savings Trust (NEST) has been announced by the UK government.

Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warns.

UK - Schemes looking to cut investment costs through the use of pooled funds actually face 30% higher annual manager fees, Lane Clark & Peacock warned.

Almost two-thirds (64%) of trustees say the economic events of the past 18 months have meant that pension de-risking has become a greater priority, MetLife Assurance research reveals.

UK - The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn (US$3.2bn) from Nortel Networks on behalf of the struggling UK pension scheme.

The Pensions Regulator is appealing a court decision to stop its attempts to seek £2.1bn from Nortel Networks on behalf of the struggling UK pension scheme.

NETHERLANDS - APG, the asset management arm of Dutch civil service pension fund ABP, has dismissed two investment professionals for violating the company's code of conduct.