News

Government should be ready to put in place a "plan B" for auto-enrolment proposals if the project fails to get more people saving, a leading consultant says.

Millions of pupils to be locked out as teachers strike over pensions; Striking workers face public wrath, warns minister; Co-ordinated public sector strike action to intensify, union leader warns; The Tories can't afford to lose the argument with unionised...

US - Pennsylvania's Public School Employees Retirement System (PSERS) posted a 4.23% return for the quarter and an 18.09% return for the nine month fiscal year-to-date ended March 31, 2011.

The Royal Mail has cut its pension scheme deficit by 45% after a change in inflation assumptions, despite suffering losses of more than £49m last year.

GLOBAL - Aberdeen Asset Management has appointed Roberto Varandas to head up its global property development business.

US - S&P 1500 defined benefit pension deficits fell by just $8bn last year, despite employer contributions of $77bn and investment returns of $156bn, analysis by Mercer shows.

The Association of Consulting Actuaries has urged government to seek further legal certainty on guaranteed minimum pension equalisation because of the £10bn cost to employers.

Here it is. A summary of what you need to know about the equalisation of guaranteed minimum pensions and why it is so important.

KOREA - The $37bn Korea Investment Corporation has chosen three FTSE non-capitalisation weighted indexing strategies making it the first Korean institutional investor to take this route, according to the FTSE Group.

The Pensions Archive Trust and the London Metropolitan Archives are launching a major project to research the capital's pensions history.