News

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.

The Department for Work and Pensions has launched a consultation on the way in which employers can certify the pension scheme they plan to enrol their employees into.

Legislation curtailing the annual allowance and lifetime allowance for tax-efficient pension saving attained Royal Assent yesterday.

The Pensions Trust has introduced a Diversified Ethical Fund to its Flexible Retirement Plan in response to ethical and responsible investment creeping up members' agendas.

Energy consultant AEA's pension deficit has fallen to £122m but still stands at almost twice the company's market capitalisation.

CANADA/AUSTRALIA/EUROPE - The Ontario Teachers' Pension Plan has struck a deal with MAp Airports to exchange its interest in Sydney Airport and a cash payment for MAp's interests in Brussels Airport and Copenhagen Airport.

Public sector reforms hit top pensions; Public sector pensions: high earners face bigger rise in contributions; Public sector pensions - a good day to bury good news; Pensions report delayed; Fresh concerns over pension churning; Financial advisers accused...

The Workplace Retirement Income Commission has cancelled today's interim report findings because it has gathered enough evidence to present a final report to government next week, it says.