News

Pensions reforms linked to sell-off plans, claims Labour; UK needs £20bn more austerity and retirement at 70 says PwC; Public sector pensions shakeup is part of privatisation plot, Labour warns; Pay gap between public and private sectors ‘widen'

Almost one third of the UK's largest companies are planning to use expensive and ill-suited pension provision to comply with employer duties, according to Hymans Robertson.

US - New York City's pension funds have recorded investment returns of more than 20% in the year to June 30, their highest posting for 13 years.

UK - Mercer has become the latest consultant to revamp its Europe, Middle East and Africa offering with the appointment of Martine Ferland from rival firm Towers Watson.

Employment laws prevent job creation, say sole traders

Unilever pension scheme members will descend on the Royal Albert Hall tonight to protest against the company's plan to move final salary members into career average arrangements.

GERMANY - Germany, once widely regarded as the European nation most inimical to hedge funds, is now warming to the sector with allocators across the spectrum considering or actually making investments.

JAPAN - UK hedge fund manager Quality Capital Management (QCM) has opened an office in Tokyo as part of plans to grow its Asia Pacific business.

US - Ohio employees last week escaped a potential increase in contributions when a plan to shift 2% of contributions from employer to employee failed to make it into the state's biennial budget.

Mercer has become the latest consultant to revamp its Europe, Middle East and Africa offering with the appointment of Martine Ferland from rival firm Towers Watson.