One in three workers are without a pension; Pensioners ‘bear brunt of rises in cost of living'; IMF warns on destabilising flight from risk; Winter of discontent ahead as unions to ballot for strike over pensions; Public sector unions line up to announce...
Trade unions this morning declared war on government pension policy after three of the country's biggest unions confirmed 1.65 million workers would move to strike in November over public sector pensions.
Sponsors will increasingly turn to intellectual property as a contingent asset to plug pension fund deficits, lawyers say.
The John Lewis Partnership Pension Trust has seen its accounting deficit rise by 16% to £479m in the first half of the year.
Towers Watson has lost its UK head of defined contributing investment to Fulcrum Asset Management.
RSM Tenon has further expanded its corporate pensions business with the hire of Steve Ingram.
US - Pension funds have strengthened their calls for the Securities and Exchange Commission (SEC) to issue new regulations on proxy access.
UK - The aggregate funding deficit of schemes in the PPF 7800 index shot up by 75% in the month of August pushing funding levels below 90%, latest figures show.
US - Pension funds and other News Corp. shareholders have brought fresh charges against the media giant's senior management and board of directors for repeated failures to correct illegal conduct.
More than a third of employers have not considered the impact of auto-enrolment on temporary staff, despite agency worker rules coming into force next month, Allen & Overy says.