News

SOUTH AFRICA - Asset management firm Franklin Templeton Investments has named Jo-Anne Bailey as director of its African division.

More than 40% of firms have closed or are in the process of closing their defined benefit pension schemes, latest research from Aon Hewitt shows.

The trustee of the T&N Retirement Benefit scheme has denied it has the power to boost benefits for members who are subject to the Pension Protection Fund compensation cap.

Andrew Short looks at how trustees can get the best outcome

The Maxwell scandal could be repeated despite the raft of legislation introduced to protect members over the last 20 years, experts warn.

The gender gap in pensions is closing as half of women are saving adequately for retirement, but they are still putting away less than men, research finds.

The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.

AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.

US - The California Public Employees' Retirement System (CalPERS) is in search of a manager to provide index fund products for six of its trust funds.

UK - The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.