News

IRELAND - The 30 largest publicly traded companies in Ireland reduced their pension deficits by €2bn ($2.7bn) in 2010 to €24bn after at least half made changes to promised pension benefits but average deficits continue to outpace market capitalisations,...

US - Pramerica Investment Management, a subsidiary of Prudential Financial with $583bn in assets under management, named David Hunt chief executive officer.

UK - State Street was forced to reimburse a client for a transition management trade after an internal investigation, which led to the dismissal and possible dismissal of senior transition managers Ross Mclellan and Edward Pennings, found the client had...

UK - The government has announced a six month delay in the increase in the state pension age in 2020.

Fears compulsory workplace schemes might burden members with charges that are too high are "exaggerated", a senior actuary says.

Draka UK Pension Plan has appointed SEI as fiduciary manager for its defined benefit plan.

British Airways pension scheme trustees have been bombarded with almost 1,000 formal complaints about their decision to move to CPI indexation.

The government has announced a six month delay in the increase in the state pension age in 2020.

Barnett Waddingham's Andrew Roberts has been appointed chairman of The Association of Member-Directed Pension Schemes.

Institutional investors have poured £26m into F&C Investment's new climate change focused private equity fund of funds in a bid to target the burgeoning climate change investment sector.