News

UK - PZ Cussons has conducted a £2.4m ($4m) enhanced transfer value exercise after its UK defined benefit schemes moved into surplus.

A maritime union has called on the government to broaden auto-enrolment legislation to include seafarers and offshore workers who are excluded from the law because they are not "ordinarily resident" in the UK.

A £3m rescue package for the Visit London section of the British Tourist Board pension scheme has been agreed after the intervention of The Pensions Regulator.

PP conducted an online poll asking whether the government should hold fire on proposals forcing schemes to make adjustments to benefits to compensate for the effects of unequal GMPs. Here are the results.

Distrust and apathy will continue to act as a barrier against retirement savings ahead of auto-enrolment, according to research by Buck Consultants.

PZ Cussons has conducted a £2.4m enhanced transfer value exercise after its UK defined benefit schemes moved into surplus.

Assets in the pension funds of OECD countries reached $19.13trn at the end of 2010, up from $19.07trn (£11.65trn) at the end of 2007, an OECD report shows.

US - Senior officials at ten pension funds have written a letter urging President Barack Obama and congress to act quickly to raise the debt ceiling and address the budget deficit or face dire consequences.

The Hampshire Pension Fund has appointed Prudential as its additional voluntary contribution provider.

UK - European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn ($310bn), pension risk experts warn.