Trade union Unison has further rebuked a government plan to cut local government pension costs, labelling it a "dangerous financial gamble" for UK equity markets.
Government pension reform and the rising cost of defined benefit schemes is leading to increased centralisation and renewed focus on employee benefits by multinational firms, a study shows.
Cross-border schemes are unlikely to make more than "very limited" progress because of the tax differences between member states in the EU, the Society of Pension Consultants says.
GLOBAL - The increasing visibility of retirement and benefit programmes at senior level within multinational companies has started a trend towards global oversight, said Mercer.
NETHERLANDS - Members of the Dutch union FNV Bondgenoten have voted against government pension proposals which they claim would shift risk from the employer entirely to the employee, claiming they would lead to a "casino retirement".
Huge variations in the design and take-up of enhanced transfer value offers have been revealed by KPMG research.
Recent market turmoil could force companies to pay significantly higher contributions or increase the length of deficit repayment periods, Towers Watson warns.
US - Boyce Greer, head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors, died on Sunday in a kayaking accident in Idaho.
US - The Oregon Public Employees Retirement Fund has selected the Russell Fundamental US Large Company Index for a new internally managed $500m US equity investment mandate.