News

US pension funds who launched a class action against Wachovia over the purchase of bonds have agreed to a settlement worth $627m.

Royal Bank of Scotland has agreed to pump more than £700m a year into its pension scheme despite posting losses for the year of almost £800m.

So we live longer and work less. What's not to like?

Auto-enrolment queries are beginning to mount for The Pensions Advisory Service and now account for up to 3% of monthly calls.

EUROPE - Investors are flocking to safe haven UK government bonds as they seek shelter from turbulent global markets.

US - The California Public Employees' Retirement System (CalPERS) Board member Priya Sara Mathur has been elected on to the advisory council of the United Nations-backed Principles for Responsible Investment (PRI).

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven.

Interest rate hedging jumped 24% in Q2 this year after falls in short-term interest rates and the rising cost of asset swapped index-linked gilts, F&C research shows.

UK - Lothian Pension Fund is tendering for new global equity managers following the appointment of Invesco Perpetual and Baillie Gifford to run its separate Pan Asia Pacific equity mandates.

As front page headlines warn of a pensions catastrophe, trustees need to stay calm and make sure they don't "feed the frenzy", scheme communications experts urge.