News

Here it is. A guide to the latest annual and lifetime allowance developments.

US - The board of the California State Teachers' Retirement System (CalSTRS) has voted to support proposed legislation to help curb pension spiking.

Trustees of the WS Atkins Pension Plan have agreed a ten-year recovery plan with its sponsor to tackle the scheme's £293m deficit.

Scottish & Newcastle pension scheme members are asking government to investigate Heineken over claims the brewer reneged on its promise to provide discretionary pension increases each year.

AUSTRALIA- Telstra Super, the A$11bn (US$11.8bn) corporate superannuation fund, will cut administration fees on its retail product Telstra SuperPersonalPlus from 0.6% to 0.2% in July.

AUSTRALIA- Declining home ownership rates mean that superannuation will become the biggest investment vehicle for up to 25% of Australian in 15-25 years' time, according to a white paper by REST Industry Super.

A quarter of the Global Pensions 100 panel members plan to implement a new allocation to infrastructure or increase an existing one.

Standard Life's former managing director of corporate Gerry O'Neill has decided to leave the firm following his suspension last month.

GLOBAL - Here it is. Global Pensions' summary of what changes to accounting standard IAS19 could mean for both sponsoring employers and pension schemes.

A 15-point auto-enrolment checklist has been published to help employers comply with increased regulatory oversight ahead of the introduction of auto-enrolment next year.