News

US - New York City's pension costs will peak in 2016 before they begin a gradual, steady decline, a study commissioned by Comptroller John C. Liu predicts.

The International Accounting Standards Board has published a "near final" draft of its revised pension accounting standard IAS19 - confirming key changes that could see £10bn wiped off UK company profits.

US - Prudential Financial has appointed Kathryn Sayko as managing director for its Strategic Solutions Group.

More than 700 support staff at the University of Sheffield are striking today over plans to move lower paid staff from a final salary to cash balance scheme.

GLOBAL - PIMCO's Bill Gross is urging investors to play the safe end of the credit space by shunning duration risk, as rising inflation hits yields.

Hargreaves Lansdown has boosted its corporate pensions team with the appointment of a business development manager to build client relations.

ASIA - Schroders has appointed Western Asset Management's Rajeev De Mello as head of Asian fixed income.

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.

UK - Schemes will find opportunities in actively managed inflation-linked bonds next year due to the differential between RPI and CPI-linked bond yields, an asset manager claims.

UK - Aviva has appointed Trevor Matthews as chief executive of its UK region and as an executive director of Aviva.