Investment

A dozen longevity swap deals are set to complete in the next 18 months after the £1.7bn ITV Pension Scheme deal reinvigorated the market, a consultant says.

The importance of properly identifying a scheme's statutory employer is critical and The Pensions Regulator's statement on the issue was not hard hitting enough, a lawyer says.

How DC schemes are coping with volatility

The Debt Management Office is considering launching index-linked gilts with a maturity of 50 years in October after the idea of a new batch of ultra-long bonds was proposed to investors.

US - The Pension Benefit Guaranty Corporation (PBGC) has announced plans to ease regulatory burdens faced by pension plan sponsors.

JAPAN - The implementation of new accounting rules that would have forced companies to book pension fund shortfalls as liabilities on their balance sheets is to be postponed, according to reports.

Legal & General Investment Management has launched a pooled fund platform that offers pension schemes a flexible version of liability-driven investment.

US - President Barack Obama has appointed Michael Kennedy as chairman of The Federal Retirement Thrift Investment Board (FRTIB).

The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.

The FTSE has suffered sharp falls in afternoon trading with banking stocks leading the plunge into the red amid renewed euro debt concerns.