News

Campaigners protesting plans to accelerate the increase in state pension age handed a petition with more than 10,000 signatures to the government yesterday.

Imminent changes to accounting standard IAS19 could dent UK company profits by as much as £10bn, KPMG warns.

The Pensions Regulator is to investigate how Silentnight's pension obligations were jettisoned when private equity firm HIG acquired the company after calling in administrators.

Schemes with high insolvency scores could see their insolvency probability increase by a factor of five under the Pension Protection Fund's new levy framework, a consultant says.

Devon County Council pension fund has signed up to a class action monitoring service provided by a US law firm in a bid to recoup funds lost through corporate fraud.

NETHERLANDS - Dutch asset managers are managing an ever-smaller share of local pension assets, APG Group said in its annual report today.

SWITZERLAND - Funding levels of Swiss pension funds were nearly flat in 2010 and funds are now increasing their exposures to higher returning investments to help plug the liability gap.

UK - The three BA trustees who quit their roles over the move to CPI indexation have pledged to fight their corner until the remaining board members relent.

AUSTRALIA - Northern Trust has appointed Nadia Ivanova to the newly-created role of head of global fund services for Australasia and Vicki Martyn joins Northern Trust as a senior relationship manager.

The Institutional Investor Committee has urged companies to challenge the costs of rights issues fees in a bid to get best value for shareholders.