News

EUROPE - Jean Claude Trichet, the president of the European Central Bank, has defended yesterday's 25 basis point hike in interest rates as good for the eurozone, as EU leaders prepare for talks on the bailout of Portugal.

Switch to flat rate state pension may damage private sector schemes; BA pensioners to vote on link between inflation and income; ITN pension deficit hit £59.5m in 2010

ITM has made two senior appointments in response to substantial growth which has seen the consultant double its revenue and workforce in two years.

NETHERLANDS - Dutch pension plans believe fiduciary management will continue to grow but it remains a controversial strategy, new research shows.

B&CE has overhauled its EasyBuild Workplace Pension offering to offer a 0% annual management charge for the first year of auto-enrolment.

The government has so far failed to meet its promise on entering office to reinvigorate occupational pension schemes, the Association of Consulting Actuaries says.

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 days.

EUROPE - The European Central Bank lifted interest rates for the first time in almost three years in a bid to stem inflation.

UK - Barnet Council pension scheme is set to liquidate its £23m ($37.4m) real estate portfolio after integrating the fund's property strategy into a diversified growth fund.

US - Staff at the California Public Employees' Retirement System have proposed new portfolio benchmarks to reflect the risk-based asset allocation approved in December.