News
Netherlands
NETHERLANDS - The Philips pension fund returned -3.5% during the fourth quarter of 2010 due to rising interest rates.
16 February 2011
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United Kingdom
UK - The combined deficit of the UK's biggest schemes remains unchanged from six years ago at £68bn (108bn), despite contributions of more than £50bn, figures reveal.
16 February 2011
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Appointments
PensionsFirst has expanded its actuarial team after a period of rapid growth with the appointment of three assistant vice-presidents.
16 February 2011
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Defined Benefit
The combined deficit of the UK's biggest schemes remains unchanged from six years ago at £68bn, despite contributions of more than £50bn, figures reveal.
16 February 2011
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Industry
The contracted-out W&FC Bonham & Sons Limited (1988) Retirement Fund has completed its transfer to the Financial Assistance Scheme.
16 February 2011
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Industry
Government risks accusations of a ‘mis-selling scandal' unless it matches auto-enrolment reform with a revamp of the state pension, the National Association of Pension Funds says.
16 February 2011
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Admin / Technology
Financial Express has developed a bespoke online tool for defined contribution members using Bluefin's Orbit benefits portal.
16 February 2011
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US
US - The Pension Benefit Guaranty Corporation will be allowed to set its own premiums under new proposals put forward in President Barack Obama's 2012 Budget.
16 February 2011
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Legislation
Government failure to reveal plans for a £140 universal state pension has weakened the coalition's Pensions Bill, leaving it like "Hamlet without the prince", Baroness Hollis says.
16 February 2011
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