GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
GLOBAL - Multinational companies are looking at innovative ways to redesign defined benefit schemes but will cut contributions by 10% in the process, research by Mercer suggests.
O'Brien resurfaces at J.P. Morgan Asset Management
31 Aug 2010
UK/GLOBAL - J.P. Morgan Asset Management has hired Mike O'Brien, BlackRock's former head of institutional business for EMEA, as its global head of the institutional client group.
Hewitt completes EnnisKnupp acquisition
02 Sep 2010
US - Hewitt Associates has completed its previously announced acquisition of US consulting firm Ennis Knupp.
US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.
Corporate pension deficits hit all-time high
02 Sep 2010
US - Pension plans of S&P1500 companies are shouldering deficits of a combined $506bn, the largest recorded deficit in their history, according to data by Mercer.
US/EUROPE - Pension funds from Europe and the US have been given the go-ahead to proceed with a securities fraud lawsuit against Bank of America and Merrill Lynch.
UK - Gordon Brown has been accused of attempting to blackmail Tony Blair to drop Adair Turner's revolutionary pension reform proposals.
JAPAN - Japanese pension funds are starting to invest in toll roads, ports and pipelines for the first time, seeking higher returns to meet the retirement needs of the world's fastest-aging population.
UK - The Local Government Pension Scheme (LGPS) should increase its retirement age to 66 and limit pensionable pay to £75,000 ($115,000) a year, the London Pensions Fund Authority (LPFA) said in its submission to the Public Service Pensions Commission.
UK - Government should look to use public-private partnerships to address taxpayer exposure to defined benefit longevity risk, Swiss Re says.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.