News

TUI Travel has agreed with its pension scheme trustees an innovative partnership between the fund and the holiday firm's biggest brands to address its scheme deficit.

FTSE100 pension schemes could face serious consequences for not locking in an aggregate deficit reduction of £54bn in the last eight months, a report warns.

The Pensions Regulator has said it will run some form of hardship policy for employers who cannot afford to comply with employer duties.

US - The state of California will pay $170m less in pension contributions to the California Public Employees' Retirement System after employee contributions were increased.

Lord Hutton has warned the momentum of public sector pension reform could suffer because his commission was disbanded immediately after delivering its report.

Women receive lower pensions; Public sector workers vote on strike action over pension reforms; Female pension campaigners to march on parliament

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.

Pensions minister Steve Webb has delayed the second reading of the Pensions Bill.

AUSTRALIA - the Australian Securities and Investment Commission (ASIC) has written to superannuation trustees to remind them of the disclosure requirements associated with undertaking mergers and consolidations.

US - Treasury secretary Timothy Geithner said yesterday he suspended investments into two federal pension funds and plans to redeem billions in assets since the US has bumped up against its $14trn debt ceiling.