News

Multinational companies are starting to use buy-ins and buyouts for their smaller pension funds dotted around the globe, Aon Hewitt says.

US - Detroit workers' pension boards have sued Michigan Governor Rick Snyder, asking a court to declare unconstitutional a new law granting state-appointed financial managers emergency powers to terminate employee contracts and suspend collective bargaining....

US - LJ Group and the senior management team of Deloitte Investment and Pension Consulting (IPC) have completed the management buyout of the business from Deloitte Private Client Services.

GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.

Here it is. The list of the six people who have made it through to the final shortlist of this year's Pensions Personality of the Year award.

The government is set to engage with pension providers and trade bodies to develop feeder funds, corporate ISAs and platforms in a bid to encourage saving.

UK - Plans to allow early access to pension savings have been buried after a consultation revealed "insufficient evidence" it would encourage more saving, the Treasury says.

UK Coal, Britain's largest coal mining company, has confirmed its intention to close its defined benefit pension scheme to future accrual.

The number of pensioners predicted to live to 100 has increased by nearly 7% over the past year due to a rise in life expectancy, revised figures show.

Plans to allow early access to pension savings have been buried after a consultation revealed "insufficient evidence" it would encourage more saving, the Treasury says.