News

GLOBAL - Some investors locked into hedge funds in the financial crisis may not have redemptions satisfied fully until 2015, according to officials at market intermediary Tullett Prebon.

UK - The Pension Protection Fund has appointed a further four actuarial firms in a major extension of its ‘assess and pay' project to speed up scheme entry into the lifeboat fund.

The Fishermen's Pension Scheme is to be wound up this year - despite having holes in its data records which have left more than a third of its members untraced.

BNY Mellon creates Asia-Pac CEO role, Standard Life, Barnett Waddingham, BlackRock, SSgA, Permal

The Pension Protection Fund has appointed a further four actuarial firms in a major extension of its ‘assess and pay' project to speed up scheme entry into the lifeboat fund.

Pension penalty for job changers; Threat of public sector strike looms closer; Public sector strike moves nearer

The Financial Services Authority has issued a warning to consumers over pension reciprocation plans and other pension unlocking schemes.

The Department for Work and Pensions has launched a consultation to extend the rules of the Financial Assistance Scheme to insure schemes exempt from the Pension Protection Fund.

NETHERLANDS - The Dutch government will increase the retirement age, provide more flexibility around retirement and suspend contribution holidays in a new deal with employer and employee unions.

UK - The Royal Mail's £10.3bn ($16.8bn) pensions deficit will be taken on by the tax-payer next spring as legislation to privatise the service is expected to become law next week.