News

The Royal Mail has cut its pension scheme deficit by 45% after a change in inflation assumptions, despite suffering losses of more than £49m last year.

GLOBAL - Aberdeen Asset Management has appointed Roberto Varandas to head up its global property development business.

US - S&P 1500 defined benefit pension deficits fell by just $8bn last year, despite employer contributions of $77bn and investment returns of $156bn, analysis by Mercer shows.

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

Here it is. A summary of what you need to know about the equalisation of guaranteed minimum pensions and why it is so important.

KOREA - The $37bn Korea Investment Corporation has chosen three FTSE non-capitalisation weighted indexing strategies making it the first Korean institutional investor to take this route, according to the FTSE Group.

The Pensions Archive Trust and the London Metropolitan Archives are launching a major project to research the capital's pensions history.

UK - Threadneedle is set to withdraw from the full service group personal pensions market in a bid to focus on its investment only offering.

Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).

EUROPE - Pension funds could once again retract from securities lending if they are included in European proposals which would tag lenders as ‘short sellers', according to the trade body for securities lenders.