Investment

Lucy King highlights the plight of a generation kept in the dark on the subject of pensions and considers what moves are being made to rectify the current lack of information for her age group

Police are hunting for Rowanmoor Pensions joint managing director David Seaton, who has been missing for more than a week.

GLOBAL - The Canadian Pension Plan Investment Board is part of the investor group acquiring a 65% interest in Skype Technologies from eBay in a US$2bn cash and debt deal.

UK - Half of defined benefit pension schemes in the UK do not have a long-term plan to reduce risk, a Hymans Robertson and PensionChair Network survey revealed.

UK - Some 87% of defined benefit pension schemes are closed to new entrants and 18% are close to future accrual, statistics from the Association of Consulting Actuaries revealed.

US - AT&T has reached a tentative three-year agreement with the Communications Workers of America, which increases pension and pay bands for around 7,000 employees around the country.

UK/CANADA - Nomura has secured a six-year rent holiday after signing a 20 year lease in a new office development owned by Oxford Properties Group, a subsidiary of the Ontario Municipal Employees Retirement System (Omers).

GLOBAL - The European Court of Human Rights is set to rule on a UK law which freezes the state pension of anyone who leaves Britain to live in certain countries, according to ECHR files.

The European Court of Human Rights is set to rule on a UK law which freezes the state pension of anyone who leaves Britain to live in certain countries, according to ECHR files.

Scheme deficits increased in August following declines in corporate bond yields during the month, industry research reveals.