Investment

US - A bill introduced into the US Senate yesterday will require 401(k) providers to inform participants of the monthly income they can expect in retirement.

Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

US/EUROPE - Towers Perrin and Watson Wyatt have been granted conditional clearance to proceed with their merger to form Towers Watson.

The Labour party's proposal to phase in employers' contributions to personal accounts until 2016 "undermines" the whole project, the Conservatives say.

John Quarrell has slammed a Pensions Regulator determination barring him, his partner and his trustee firm from working as a trustee.

Just over 7% of GP panel members surveyed this month have had to ask employees to contribute to their pension funds for the first time.

UK - Nearly two-thirds of pension managers believe personal accounts will not go ahead in their current form.

The Financial Services Authority has urged advisers to think "very carefully" before using accelerated pension drawdown schemes.

PensionDCisions has teamed up with Professional Pensions to launch its 2010 Sponsor Default Survey.

The government and pensions minister Angela Eagle are adamant personal accounts will go ahead in their current form.