Aon Hewitt will deliver cost savings of $355m (£235m) a year through cuts in both back and front office operations, Aon Corporation says.
US - Pension deficits at S&P1500 companies reached $451bn at the end of June according to Mercer, just $1bn short of the previous record high set in January 2009.
The merger between Aon Consulting and Hewitt Associates marks yet another step in industry consolidation.
Helen Fowler looks at the developing innovation of the ‘captive model' - where a pension fund sponsor uses its own in-house insurer to cover its benefit obligations
It's no surprise some investors may harbour reservations about Japanese equities given their history for dire returns, but consultants and asset managers at a recent GP roundtable, sponsored by Nomura Asset Management, said the market is primed for a...
NETHERLANDS - Dutch pension experts question whether the interbank swap yield curve is the best rate to discount liabilities against, Giovanni Legorano and Raquel Pichardo-Allison report.
GLOBAL - Multi-national companies have started to look at using in-house insurers to tackle their funding issues. Helen Fowler reports
Sponsors have been looking at using in-house insurers to tackle their funding issues. Helen Fowler asks if this is the most effective way
Surging annuity prices and the lack of market confidence in European economies will force employees to work longer in order to retire on a reasonable income, Mercer says.
In February this year Babcock Iinternational announced it had selected Friends Provident to administer a single defined contribution scheme for those who did not have access to a defined benefit arrangement. Helen Morrissey talks to group pensions manager...