News
Defined Benefit
Unilever is to close its £5.5bn UK final salary scheme to existing members due to the fund's "increasingly unaffordable and unsustainable" costs.
12 April 2011
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Press
Government signs over civil service pensions to private-sector mutual; Teachers in strike threat
12 April 2011
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Defined Benefit
Punch Taverns has made additional contributions of £9m into its Spirit and Pubmaster defined benefit schemes over the past six months.
12 April 2011
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Defined Benefit
The Alumasc Group has contributed half of the net proceeds of the sale of its subsidiary Alumasc Dispense to its two defined benefit pension schemes, it announced today.
12 April 2011
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Investment
The impact of tighter carbon emissions rules on corporate profits will catch out schemes whose investment strategy on climate change is to "wait and see", Carbon Footprint Investments warns.
12 April 2011
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Canada
CANADA - The Healthcare of Ontario Pension Plan (HOOPP) returned 13.68% in 2010, ending the year with C$35.7bn ($37.3bn) in net assets.
12 April 2011
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Mexico
MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m.
12 April 2011
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Canada
CANADA - The Public Sector Pension Investment Board and British Columbia Investment Management Corporation have agreed to acquire TimberWest Forest Corp for C$1.03bn ($1.07bn).
12 April 2011
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Industry
Towers Watson president and chief operating officer Mark Mactas will retire at year-end after more than three decades with the firm, the consultancy confirms.
12 April 2011
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Appointments
US - Towers Watson president and chief operating officer Mark Mactas will retire at year-end after more than three decades with the firm, the consultancy announced.
12 April 2011
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