News

US/UK - Prudential Retirement has completed its first longevity reinsurance transaction with UK-based Rothesay Life.

Truestone Employee Benefits has been sold to London-based wealth manager Helm Godfrey.

UK - Industry figures have backed calls for companies involved in mergers and acquisitions to disclose their intention for the target company pension scheme prior to the deal.

GLOBAL - Institutional investors are taking far longer to change investment managers or asset allocations than they did before the 2008 financial crisis, research by Mellon Transition Management (MTM) suggests.

Employer contributions to the Local Government Pension Scheme exceeded employee contributions by £311m last year, government figures show.

Northumbrian Water has slashed its pensions deficit after injecting an extra £70m into the scheme in March and April this year and switching to Consumer Prices Index linking.

Industry figures have backed calls for companies involved in mergers and acquisitions to disclose their intention for the target company pension scheme prior to the deal.

Why takeovers should address pensions; Baby girl born in Suffolk neighbourhood can live to 119; Can any of us afford to be old now?

GLOBAL - Northern Trust has published its first corporate social responsibility (CSR) report, outlining its actions in 2010 and targets for 2011.

Funding deficits have become the biggest risk factor worrying trustees and sponsors of defined benefit schemes over the past year, according to a study.