News
US
US - The California Public Employees' Retirement System (CalPERS) has rejected recommendations to lower its discount rate and voted to keep it at 7.75%.
16 March 2011
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Defined Benefit
Changes to the Universities Superannuation Scheme could be stalled indefinitely due to an ongoing dispute between employers and employees, a union warns.
16 March 2011
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Defined Benefit
Members of the University and College Union have arranged five separate strikes over redundancies and cuts to pensions and pay.
16 March 2011
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Industry
Taxes will have to rise by more than £82bn a year to cover the pension, healthcare and benefits bill of the ‘baby boomer' generation, a report says.
16 March 2011
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Bulk Annuities
Buyout deals totalled £8.1bn last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.
16 March 2011
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Press
Warning on rise in council pension contributions; Taxes 'must rise by £82bn a year' to fund pension and health costs; NIESR: Taxes must rise by £90bn a year to fund baby boomers; Why freezing expat pensions makes no sense
16 March 2011
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Defined Contribution
IT firm Kalamazoo Reynolds increased membership of its pension scheme to 84% after revamping its offering to focus on face-to-face support.
16 March 2011
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US
US - Texas may double how much the $108bn Teacher Retirement System (TRS) can invest in hedge funds, which lawmakers say reduces risk from stock market volatility.
16 March 2011
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Investment
The National Association of Pension Funds is once more pressuring government to increase issuance of long-dated and index-linked gilts to help schemes better match liabilities.
16 March 2011
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Netherlands
NETHERLANDS - The average funding ratio of Dutch pension funds rose from 99% to 107% over the last quarter of 2010, figures from the country's central bank show.
16 March 2011
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