News

PwC has expanded its pensions practice with the appointment of a partner and four additional senior hires.

BAE Systems' UK pension deficit has edged up to £3.7bn after liabilities increased by £387m in the past six months due to changes in assumptions.

Government has launched a consultation on proposed hikes to teachers, nurses and civil service pension contributions as it moves to save £1bn by April 2013.

The Pensions Regulator has released online interactive tools to help smaller businesses begin preparing for automatic enrolment.

CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has signed a deal to acquire Scotland-based shipping services company V.Group for $520m.

The Law Society Pension Scheme has insured all of its £320m liabilities through two bulk annuity deals with Metlife Assurance.

UK - Britain's financial regulator says the low footprint hedge funds have in most capital markets means overall they pose a low systemic risk, but it has warned of a greater influence by the industry in areas such as convertible bonds and commodity and...

CYPRUS - Cyprus is the latest nation to be slapped with a downgrade by Moody's, with its rating cut two notches over concerns the country is heading towards a bailout.

Small schemes should be wary of investing in actively managed emerging market funds and stick to accessing the field through passive means, Bluefin Corporate Consulting warns.

Capita Hartshead is to overhaul security systems at NorthgateArinso's pensions business after completing a £27.5m takeover of the administration software provider.