Prudential

Inflation would slash pensioners' income by 60% over a 20-year retirement if they took fixed benefits today, Prudential analysis reveals.

MEXICO - Mexican bank Grupo Financiero Banorte SAB has agreed to merge its pension fund with Afore XXI, the pension fund half owned by the Mexican Social Security Institute (IMSS) and Prudential.

Prudential saw a first-half boost in sales thanks largely to a 20% jump in corporate pensions new business, but inflows at the group's investment business fell sharply.

The Hampshire Pension Fund has appointed Prudential as its additional voluntary contribution provider.

The trustee of The Hoover (1987) Pension Scheme has reappointed JLT Benefit Solutions for a five-year scheme administration deal.

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.

It's been a busy month for the North American de-risking market. In March, Global Pensions reported the start of the buy-in/buyout market in the US was imminent, and likely to emerge before the end of the year. It appears we were right.

Aviva, Northern Trust, Schroders, Prudential Financial, American Century Investments

US - Prudential Financial has appointed Kathryn Sayko as managing director for its Strategic Solutions Group.

US/UK - Prudential Retirement has completed its first longevity reinsurance transaction with UK-based Rothesay Life.