News

CZECH REPUBLIC - The Czech government is considering setting up a "low-cost" state-run pension fund to oversee people's retirement savings which may put pressure on private pension managers to keep fees low.

Poor data quality is viewed as the top administration risk faced by trustees, with preparation for auto-enrolment also high on the list, according to a poll of delegates.

The National Insurance Scheme for the Pensions Industry needs greater resources to deal with its workload, Barnett Waddingham associate Robert Wakefield says.

UK - Henderson shareholders have voted overwhelmingly in favour of the acquisition of Gartmore, with 99.97% giving the go-ahead.

NEST may have wider implications for the pensions landscape than intended, leading to the development of common standards and changing pricing structures, delegates heard.

US - A group of nuns are suing the Boston Archdiocese and their cardinal and have demanded $1.4m out of their pension pot.

Service levels of administration providers must be measured to ensure schemes are delivering for their members, says MNPA managing director Sue Applegarth.

Henderson shareholders have voted overwhelmingly in favour of the acquisition of Gartmore, with 99.97% giving the go-ahead.

GLOBAL - Towers Watson has appointed Rory O'Brien as global risk consulting and software leader following the departure of Steve Taylor-Gooby after 25 years at the company.

Switch from RPI to CPI will cost state pensioners £207m next year; More firms end final-salary plans; Lecturers strike over pensions