News

The Pensions Management Institute has applied to the Financial Services Authority for accredited body status, which would enable it to verify members are meeting Retail Distribution Review standards.

US - Plans by the Benefit Guaranty Corporation (PBGC) to increase premiums would undermine the private sector defined benefit pension system, businesses have warned.

Trustees of the HMV Group Pension Scheme have agreed to a scheme apportionment arrangement, paving the way for the troubled retailer to complete the £53m sale of Waterstone's.

Pension Corp buys £60m of Toray liabilities; Young people leave saving for pension too late, report warns; Liberal Democrat revolt over plan to raise women's pension age; Pensioners trade eating for heating says report

Corporate pension funds should get more oversight of their liquidity management functions so they can react faster to market volatility, delegates heard.

US - Institutional fund of hedge funds manager Permal has announced its second senior appointment in as many months, hiring Zhiwu Chen, professor of finance at Yale University, as a consulting chief adviser.

MTAA Super is being investigated by the Australian Prudential Regulation Authority (APRA) for removing its currency hedges in the middle of the global financial crisis, reports suggest.

AUSTRALIA - AustralianSuper's decision to sign one-year pilot agreements with six financial advisory firms may be seen as controversial but could serve as a new business model for the fund, chief executive officer Ian Silk believes.

Trustees of the Toray Textiles Europe Pension Scheme have entered into a £63m pension insurance buyout with Pension Corporation.

US - The aggregate deficit in pension plans sponsored by S&P 1500 companies increased by $37bn during May, figures from Mercer show.