News

Trustees and sponsors have been battening down the hatches in the past week as market volatility hit deficits and liabilities.

Employers must consider staff requests to continue working post-retirement age in ‘good faith' or risk discrimination claims, Eversheds warns.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven.

Graduates auto-enrolled into pensions should be allowed to use their employers' contributions to pay off their debts, Ros Altmann, director-general of Saga, said.

UK - BlackRock veteran Deborah Fuhr is joining Bank of America Merrill Lynch in London as head of its Global Delta One Strategy, according to a source close to the bank.

EUROPE - France, Italy, Spain and Belgium have temporarily banned short-selling of financial stocks in response to sharp share price falls across Europe.

CANADA - The Canada Pension Plan (CPP) ended the first quarter of fiscal 2012 with net assets of C$153.2bn (US$154bn), an increase of C$5bn from the previous quarter.

GLOBAL - Markets have slipped back into the red after the Dow Jones posted heavy losses on the opening bell, as fears of a double-dip recession intensify.

US - The Securities and Exchange Commission (SEC) has charged a brokerage firm and its former executive with defrauding the pension funds of five Wisconsin school districts.

Professional Pensions has a limited number of complimentary seats available for pension scheme staff or trustees to attend this year's Pension Scheme of the Year Awards on 15 September.