News

Pitmans Trustees has been appointed as independent trustee to Legal & General's DC master trust.

Pension schemes will soon find themselves in gold, silver or bronze position as the Department of Work and Pensions gets into the spirit of the Olympics.

Almost 40% of workers with a final salary scheme would be reluctant to move to a new job over fears it would damage their income in retirement, Metlife Assurance research shows.

US - AQR Capital Management has launched a $100,000 annual award competition for academic papers that have the most significant practical implications for investors.

IRELAND - Irish pension funds fell in value in September due to the performance of global equity markets, research by Aon Hewitt shows.

Barnett Waddingham has been chosen by investment bank UBS to provide administration and actuarial oversight services for its longevity swaps service.

Cabinet Office minister and paymaster general Francis Maude yesterday claimed unions have no appetite for industrial action over pension reforms.

EUROPE - Europe's cental bank and even the IMF should share in the haircuts on Greek debt that seem increasingly inevitable for private bondholders,UK asset manager Schroders claims.

GLOBAL - Pension funds and other institutional investors are favouring one-year investment strategies as they attempt to limit their risk exposure, research by MSCI suggests.

UK - Pension deficits have dropped to just over £300bn ($464bn) as a fall in the price inflation outlook shaved £50bn off scheme liabilities in a month, according to Xafinity.