News
Legislation
The Department for Work and Pensions has confirmed when employers must pay pension contributions for workers on maternity leave after confusion over the law.
24 August 2011
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Switzerland
SWITZERLAND - UBS is slashing 3,500 jobs as part of its cost cutting scheme with almost half coming from its investment banking business but only 10% from its global asset management unit.
23 August 2011
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US
US - Deven Sharma, the man who oversaw the downgrade of the US' credit rating earlier this month, is stepping down as president of Standard & Poor's.
23 August 2011
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United Kingdom
UK - The Society of Pension Consultants has urged government to pass legislation defining money purchase benefits immediately, or risk schemes not operating correctly.
23 August 2011
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US
US - The Ontario Teachers' Pension Plan and Jana Partners have called for McGraw-Hill, owner of ratings agency Standard & Poor's, to be carved up into four units to keep S&P from infecting the rest of the business.
23 August 2011
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Press
ITV agrees pensions ‘longevity swap' deal; ITV ripe for sale after £1.7bn pensions deal; ITV pays Credit Suisse to take on the risk on its pension scheme; Putting a cap on the cost of pensions both present and future; Expat pensioner exodus: would the...
23 August 2011
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Defined Benefit
G4S has closed its three UK defined benefit schemes to future accrual to limit the future growth of liabilities.
23 August 2011
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Appointments
SL Investment Management has appointed Louise Witts as a senior actuary within its product and proposition development team.
23 August 2011
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US
US - President Barack Obama has appointed Michael Kennedy as chairman of The Federal Retirement Thrift Investment Board (FRTIB).
23 August 2011
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Industry
The Society of Pension Consultants has urged government to pass legislation defining money purchase benefits immediately, or risk schemes not operating correctly.
23 August 2011
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