News

GLOBAL - Pension funds and other institutional investors believe Greece and other troubled European countries will be forced to restructure or default on their debt within the next three years, research suggests.

Mesirow, Threadneedle, Schroders, Mercer, SSgA, Russell, Uganda NSSF

People in the West Midlands have the most pessimistic view of pension saving in the country, with more than 60% believing they will be poor in retirement, a survey reveals.

Hornbuckle Mitchell has been ordered to pay compensation to the estate of a client after its poor service caused a terminally ill man "distress and inconvenience".

UK pension buyouts rise; UK pension schemes prepare for inflation; We can move fast, but not all the time

The pension scheme risk transfer market is set to grow a further £20bn over the next 18 months, Hymans Robertson figures predict.

A quarter of blue chip companies now only offer defined contribution pension schemes to their staff, Towers Watson research reveals.

JAPAN - Investors in Japan should look beyond the short-term impact of the crisis as the country will recover quickly due to its large foreign reserves, said Mark Mobius.

The £8.5bn Aviva Staff Pension Scheme is looking to increase its allocations to real estate related assets to 15% over the next two years as it looks for long-term, liability matching assets.

GLOBAL - Markets are continuing to fight back with all the leading indices trading in the black after G7 finance ministers agreed to cool the soaring yen.