News

Pension funds and other UK investors missed out on more than £1bn last year by failing to reclaim withholding tax on foreign investments, according to tax reclamation experts.

The UK public is still in the dark over the National Employment Savings Trust just a year before it is due to launch, a PP poll has found.

Severn Trent is consulting with its employees on closing its defined benefit scheme before its auto-enrolment commitments kick in.

Pension Insurance Corporation is hoping to raise around £500m in new capital to allow it to complete £5bn of risk reduction deals with schemes.

Britvic closed its defined benefit pension scheme to future accrual in April and switched all members to its existing defined contribution plan, results show.

EUROPE - A European parliamentary committee has backed proposals to exempt pension funds from rules forcing them to clear over-the-counter derivative transactions through central counterparties.

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.

A European parliamentary committee has backed proposals to exempt pension funds from rules forcing them to clear over-the-counter derivative transactions through central counterparties.

US - Mercer Investment Consulting has acquired investment consultancy Evaluation Associates from Milliman for an undisclosed sum.

AUSTRALIA - The A$9bn (US$9.6bn) HOSTPLUS industry superannuation fund has launched an online advice service that provides members with a personalised superannuation plan, including investments and insurance strategies.