News

Unlock pensions pot and watch the first-time buyers return; Treasury courts pension funds; Default retirement age end hailed; Boost for open market on annuities; Tax warning for defined benefit members; Physiotherapists and civil servants hold strike...

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.

US - Acadian Asset Management has named Ronald Frashure chairman and Churchill Franklin, chief executive, after a restructure of the firm's top ranks.

US - The Oklahoma Teachers Retirement System (OTRS) has revealed a $3bn reduction in its unfunded liability thanks to strong investment performance and new state pension reforms.

ICI Pension Fund has appointed Eileen Haughey as its new chief executive.

The default retirement age will be scrapped tomorrow meaning employers will no longer be able to force people to stop working when they reach retirement age.

RM education is in discussions with trustees of its defined benefit pension plan to close the scheme to future accrual.

Global - Half of the Global Pensions 100 Panel believe the Securities and Exchange Commission should issue new regulations on proxy access after its original rules on the matter were overturned in the courts.

Global - Three quarters of the Global Pensions 100 Panel believe the eurozone will remain unchanged over the next 12 months.

EUROPE - European Union pension policy could cripple British firms and stall economic recovery if schemes are forced into Solvency II capital requirements, employers warn.