News
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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Defined Benefit
Persimmon has halved its pension fund deficit after switching from RPI to CPI to revalue benefits for deferred and pensioner members.
23 August 2011
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Australia
AUSTRALIA - The growing trend for mergers between industry superannuation funds may not be serving the best interests of members, research by Russell Investments warns.
23 August 2011
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Australia
AUSTRALIA - The median growth superannuation fund (61 to 80% growth assets) fell 1.5% in July on the back of weak share markets, research from Chant West shows.
22 August 2011
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