The Pension Protection Fund will use scheme investment risk for the first time to calculate the levy from 2012/13, it announced today.
UK - Trustees of the London Stock Exchange Group's defined benefit plan have sealed a groundbreaking £203m ($329m) deal to insure its pensioner members' liabilities after reporting a £33m increase in the scheme's surplus.
Trustees of British Polythene Industries' UK defined benefit scheme have agreed a £20m property-backed cash payment plan with the firm.
ASIA - Asian stocks are increasingly offering both share price growth and dividend income, Newton believes.
Trustees of the London Stock Exchange Group's defined benefit plan have sealed a groundbreaking £203m deal to insure its pensioner members' liabilities after reporting a £33m increase in the scheme's surplus.
The Pension Protection fund will charge the fraud compensation levy for the second consecutive year for 2011/12 after anticipating an increase in future claims.
ASIA - Fidelity International has promoted Judy Marlinski to president of the Japan business and scooped the former CEO of BGI's Asia business for a new managing director of Asia ex-Japan role.
CANADA/GERMANY/US - The Canada Pension Plan Investment Board (CPPIB) has acquired holdings in a string of shopping centres in Germany and the US.
The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement, specialist providers say.
Royal Liver's members have voted in favour of its buyout by Royal London.