News

AUSTRALIA - The merger between the A$2.4bn (US$2.5bn) StatewideSuper and the A$1.7bn Local Super will move to the next stage, beginning the due diligence process following approval in principle from the funds' major shareholders.

State Street has been forced to reimburse a client for a transition management trade after an internal investigation found the client had been double charged on fees.

UK - The Court of Appeal has ruled in favour of The Pensions Regulator in the Nortel/Lehman Brothers legal challenge.

Solvency II requirements for defined benefit schemes will double the value of technical provisions required to fund liabilities, costing sponsors £500bn, employers warn.

A key amendment to the Pensions Bill has restricted the "core definition" of money purchase benefits, a lawyer says.

Anthony Hodges Consulting has appointed public sector pensions specialist Debbie Forbes as the firm continues to develop its online pension communities.

Hermes Equity Ownership Service has announced its intention to withold support from key board members at the forthcoming News Corporation shareholder meeting.

The Court of Appeal has ruled in favour of The Pensions Regulator in the Nortel/Lehman Brothers legal challenge.

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.

Legislation curtailing pension charges for deferred members has been announced by pensions minister Steve Webb.