News

There were clashes over the switch to the consumer price index as the Pensions Bill was debated in the Lords yesterday.

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

CANADA - Staff at the Healthcare of Ontario Pension Plan (HOOPP) could soon be compensated for how well they match liabilities.

UK - Buyout deals totalled £8.1bn ($13bn) last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.

Aries Pension has launched a Retail Prices Index revaluation table to help defined benefit pension schemes who have to keep using the same RPI measure of inflation to revalue benefits.

US - The California Public Employees' Retirement System (CalPERS) has rejected recommendations to lower its discount rate and voted to keep it at 7.75%.

Changes to the Universities Superannuation Scheme could be stalled indefinitely due to an ongoing dispute between employers and employees, a union warns.

Members of the University and College Union have arranged five separate strikes over redundancies and cuts to pensions and pay.

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.

Buyout deals totalled £8.1bn last year, with £1.6bn of this business written in Q4 alone, research by JLT Pension Capital Strategies shows.