News

Tens of thousands of local government scheme members will opt-out if Lord Hutton's proposal to increase contribution rates is implemented, the Treasury has admitted.

Johnson Matthey has slashed its pension scheme deficit by more than 60% after accelerating its recovery plan to benefit from favourable tax conditions.

The Invensys Pension Scheme has started using PensionsFirst technology to help manage its assets and pension obligations.

There is a growing recognition by asset owners that companies with active, informed shareholders are more likely to create value than those without, Hermes Equity Ownership Services believes.

US - Northern Trust has named R. Peter Sanchez as chief executive officer of Northern Trust Hedge Fund Services.

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

Drawdown plans set to become more popular; Public sector pensions opt-out predicted; Is the City fit to run a care home?

AUSTRALIA - MTAA Super has entered into a A$90m ($95m) partnership with national residential land specialist Peet to complete the development of Flagstone City in southeast Queensland.

The disconnect between the desire to be secure in retirement and setting up an achievable financial plan is still prevalent among workers, research suggests.

UK - There is a growing recognition by asset owners that companies with active, informed shareholders are more likely to create value than those without Hermes Equity Ownership Services (EOS) believes.