News

European default on sovereign debt could cause a 45% spike in defined benefit pension scheme deficits, costing sponsors an extra £190bn, pension risk experts warn.

Pensions costs vary widely - OECD; Schemes hurry to clinch buy-in deals; Lansley attacks ‘unrealistic' public sector pension plans in leaked letter; Andrew Lansley attacks government's public sector pension reforms; Dumping equities in later life does...

The trustee of The Hoover (1987) Pension Scheme has reappointed JLT Benefit Solutions for a five-year scheme administration deal.

Health secretary Andrew Lansley has privately attacked the government's plans to overhaul public sector pensions.

Scheme buy-ins reached a record £3bn during the past year but the current low cost "window of opportunity" to transact may be lost when Solvency II kicks in, KPMG says.

Some 29 FTSE350 companies are paying defined benefit deficit repayments that exceed their free cashflow, Barnett Waddingham analysis shows.

Schroders has launched a dynamic multi-asset fund to offer DC schemes an alternative to passive defaults.

UK - Deborah Fuhr, one of the leading figures in the exchange traded funds industry, will step down from her role as global head of ETF research and implementation strategy at BlackRock.

AUSTRALIA - The A$11bn Telstra Super has agreed to provide a combination of debt and equity for a 50% stake in the Adelaide Tax Office Development due to be completed in October 2012.

UK - 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.