Towers Watson

UK - British Telecom has agreed a 17-year recovery plan with its trustees in an attempt to tackle a £9bn (US$14.1bn) deficit.

GLOBAL - Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indexes.

Towers Watson has started recommending its clients invest up to half of their passive assets in fundamental indices.

The liability risk-hedging market in the UK surpassed £40bn in 2009, smashing the previous record of £35bn set in 2007, Towers Watson says.

UK - The liability risk-hedging market in the UK surpassed £40bn (US$62.5bn) in 2009, smashing the previous record of £35bn set in 2007, Towers Watson said.

Towers Watson has expanded its sustainable investment team with a senior hire from Mercer.

UK - Towers Watson has expanded its sustainable investment team with a senior hire from Mercer.

Institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20trn (£12.6trn) to over US$23trn (£14.5trn), latest Towers Watson research reveals.

GLOBAL - Institutional pension fund assets in the 13 major markets increased by 15% during 2009, from US$20trn to over US$23trn, latest Towers Watson research has revealed.

So, Lawrence Churchill is to leave the Pension Protection Fund to become the first chairman of NEST Corporation, the rather shadowy sounding body that will run the National Employment Savings Trust.