News
US
US - Illinois, which plans to sell $3.7bn of pension bonds next week, may seek a federal guarantee on retirement-system debts if its unfunded liabilities can't be eliminated, according to budget documents.
21 February 2011
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Defined Benefit
The Pension Protection Fund is proposing changing the way it assumes section 143 and 179 scheme valuations, it announced today.
21 February 2011
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Defined Benefit
The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.
21 February 2011
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Regulation
US - Proposed legislation covering the US swaps market risks causing "severe market disruption" for dealers and pension fund clients, an industry body has warned.
21 February 2011
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Defined Benefit
UK defined benefit schemes turned a deficit of £201bn in 2009 into a surplus of £22bn last year, figures reveal.
21 February 2011
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Global
PennSERS; Henderson Global Investors; APG Asset Management; KPGM; State Street; PensionsFirst
21 February 2011
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Defined Benefit
Sausage skin manufacturer Devro shrank its UK pension scheme deficit by £18.9m last year.
21 February 2011
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Press
Canny providers target workplace; Nest removes brand from DC model; Raiding Pensions; Pension plans for councils at risk, says LGA; Tory peer urges U-turn on council pensions
21 February 2011
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Industry
Employees miss out on an average of £1,272 every year because they fail to join company pension schemes, Standard Life says.
21 February 2011
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Global
GLOBAL - Institutional investors have increased pressure on the world's largest stock exchanges to demand sustainability reporting by listed companies.
21 February 2011
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