News

Recent market turmoil could force companies to pay significantly higher contributions or increase the length of deficit repayment periods, Towers Watson warns.

US - Boyce Greer, head of institutional investments for Fidelity Asset Management and vice chairman of Pyramis Global Advisors, died on Sunday in a kayaking accident in Idaho.

US - The Oregon Public Employees Retirement Fund has selected the Russell Fundamental US Large Company Index for a new internally managed $500m US equity investment mandate.

Goddard Perry Consulting has bought KKW Pensions Management to strengthen its actuarial offering and improve its presence in the market.

Resolution's group pension assets grew by approximately £1bn over the first half of this year, results show.

Some Royal Mail Pension Plan scheme members' pension payments were 1.5 percentage points greater than others due to the CPI switch, annual accounts show.

UK/NETHERLANDS - Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m ($450m).

Proposed reforms risk seriously destabilising the NHS pension scheme as high contributors leave or take early retirement, warns BMA pension committee chairman Andrew Dearden.

The corporate defined contribution market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.

EUROPE - The corporate defined contribution (DC) market in Europe is set to grow by 11.5% per year to 2014, research by Cerulli predicts.