Investment

Trade union Unison has further rebuked a government plan to cut local government pension costs, labelling it a "dangerous financial gamble" for UK equity markets.

NETHERLANDS - Members of the Dutch union FNV Bondgenoten have voted against government pension proposals which they claim would shift risk from the employer entirely to the employee, claiming they would lead to a "casino retirement".

Some Royal Mail Pension Plan scheme members' pension payments were 1.5 percentage points greater than others due to the CPI switch, annual accounts show.

The corporate defined contribution market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.

EUROPE - The corporate defined contribution (DC) market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.

LV= Asset Management said it expects to see some staff redundancies as it finalises its deal to outsource the management of its funds to Threadneedle.

The Pensions Regulator has contacted tens of thousands of independent financial advisers and accountants as part of its auto-enrolment education drive.

FTSE100 firms with pension schemes heavily exposed to equities dropped 26% in value this month, pushing the combined index deficit up £30bn in just ten days.

UK - The £240bn ($390bn) liability-driven investment market is developing into an "oligopoly" with just three providers managing more than 80% of assets, research finds.

eShare has joined forces with consultant LCP to help deliver and implement its pensions governance software.