News

Peter Hargreaves and Stephen Lansdown are now among the UK's 100 wealthiest people, according to the Sunday Times Rich List 2011.

AUSTRALIA - The top 30 superannuation funds have posted an average rolling 12-month return of 5% for the 12 months to the end of March, latest figures show.

NETHERLANDS - AXA Investment Managers (AXA IM) has won a €2.2bn ($3.1bn) fiduciary mandate by Ahold Pensioenfonds, the Dutch pension fund of retailer Ahold.

IRELAND - The government plans to reveal details of a new pension tax next week to reap savings of about €2bn ($3bn), in a move the Irish Association of Pension Funds calls an "attack" on savings.

SWEDEN - Sweden's government has confirmed it will not seek to change the law to stop mass fund switching within the Premium Pension system (PPM).

UK - Switching pension uprating to Consumer Prices Index is the biggest "raid" on pensions since the change to scheme corporation tax arrangements in 1997, a trade union says.

US - Master trusts returned 3.55% over the first three months of the year, marking the third consecutive quarterly increase, latest figures show.

Pensions Regulator stages education drive; Will Australian businesswoman support frozen pensions campaign?

National Express UK Bus division has agreed an improved recovery plan with trustees of its pension fund, in response to a soaring deficit.

Pensions minister Steve Webb has defended the green paper on simplifying the state pension, saying the proposals would provide better outcomes for women.