News

The government's decision to revalue pensions by Consumer Prices Index inflation has led to a "scheme rules lottery" for private sector schemes, a lawyer warns.

US - The State Treasurer of Ohio has called on the attorney general to launch an investigation into whether members of the state's pension funds have been exploited by custodial banks conducting foreign currency exchanges.

You don't have to be mad to work here...

EUROPE - Institutional investors in Europe rank interest rate risk as their biggest concern over the next 12 months, research by Allianz Global Investors shows.

Financial secretary to the Treasury Mark Hoban has defended auto-enrolment after a senior pension adviser labeled it the next mis-selling scandal.

EUROPE - The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn ($16bn) cost to employers.

Public sector unions are gearing up for a national strike on 30 June to protest against pension changes proposed by Lord Hutton.

Government should be ready to put in place a "plan B" for auto-enrolment proposals if the project fails to get more people saving, a leading consultant says.

Millions of pupils to be locked out as teachers strike over pensions; Striking workers face public wrath, warns minister; Co-ordinated public sector strike action to intensify, union leader warns; The Tories can't afford to lose the argument with unionised...

US - Pennsylvania's Public School Employees Retirement System (PSERS) posted a 4.23% return for the quarter and an 18.09% return for the nine month fiscal year-to-date ended March 31, 2011.