AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.
UK - The Pensions Regulator has warned investors it will take action against firms triggering pre-pack insolvencies to offload pension liabilities from businesses, delegates heard.
AUSTRALIA - Australian superannuation fund, NGS Super has launched a new social media strategy using Facebook, Twitter and YouTube to engage with members.
FRANCE - The Fonds de reserve pour les retraites' funding ratio fell to 132%, dropping 11 percentage points from June's value due to decreasing interest rates on 10-year bonds.
Pensioners feel pinch from soaring inflation; RPI-linked annuities keep pace with rising costs; Pensions regulator to raise risk barrier
The National Association of Pension Funds will publish a list of pensions legislation it thinks should be scrapped in the new year.
The Pensions Regulator has warned investors it will take action against firms triggering pre-pack insolvencies to offload pension liabilities from businesses, delegates heard.
The pensions industry must become more transparent on costs and charges and hold firm on the merits of auto-enrolment, delegates heard.
The Pensions Regulator is determined to ‘get under the skin' of the country's 1,700 hybrid schemes to ensure they are properly monitored.
The current defined contribution set up is inefficient, in adequate and will lead to poor member outcomes for generations unless it is radically overhauled, delegates heard.