News

The Nortel/Lehman appeal case with The Pensions Regulator begins on Monday in the Court of Appeal, but sources predict it is destined for the Supreme Court.

The government will slow the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.

Northamptonshire Pension Scheme has increased its bond allocation mandate to US-based Wellington Management to 15% after a key resignation from its second bond manager UBS.

Hermes has joined forces with Singapore banking giant United Overseas Bank to launch a US real estate income fund.

UK Pension fund investors have helped capitalise a £145m fund backed by three aircrafts leased to Dubai airline Emirates on a long-term loan.

NEST is set to tackle member anger at pension pot falls by attributing losses on benefits statements in the context of employer rather than employee contributions.

US - BlackRock saw second quarter profits rise by 43% to $619m, as an increase in assets under management helped drive up fees.

GLOBAL - Global endowments have begun to create bespoke inflation indices to use within their portfolios, said Marcus Grubb, managing director at the World Gold Council at a GP web debate on managing inflation risks.

The National Employment Savings Trust Corporation spent £31m during 2010/11 - including paying £5m in interest payments on a Department for Work and Pensions loan, the balance of which has hit £120m.

Trustees and sponsoring employers could face unpredictable tax charges and complex issues arising from ‘scheme pays' legislation, JLT Benefit Solutions warns.