News
Press
Public sector's 'Madoff-style' pensions pyramid will spark crisis, warns Centre for Policy Studies; John Lewis pension fund sells Ocado stake; Ocado shares fall as John Lewis sells 10% stake
11 February 2011
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Industry
The National Employment Savings Trust has launched a search for annuity providers to sit on a panel offering retirement income to members.
11 February 2011
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Global
GLOBAL - Linking retirement age to a mortality index would remove some political risk around increasing the length of time employees work, said Mercer's chief retirement strategist Bruce Rigby.
11 February 2011
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Industry
Public sector pensions are "Madoff-style pyramids" which should switch wholly to a defined contribution framework to mirror the private sector, a radical report says.
11 February 2011
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Australia
AUSTRALIA - Government Employees Superannuation Board (GESB) chairman Phil Harvey is to step down next month after eight years at the fund.
11 February 2011
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US
US - The California State Teachers' Retirement System (CalSTRS) has approved proposals to add a risk overlay strategy across its $146.4bn portfolio.
11 February 2011
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Global
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.
11 February 2011
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US
US - New Jersey's voters back firing workers, freezing wages and cutting pensions in a poll released the day after Standard & Poor's cut the state's bond rating because of underfunded retiree and health-care liabilities.
10 February 2011
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Canada
CANADA - The Canada Pension Plan Investment Board reached C$140.1bn ($141bn) in the quarter ended December 31 after a return on investments of 3%.
10 February 2011
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United Kingdom
UK - The National Employment Savings Trust has started recruiting for employer and scheme panel members to represent views of stakeholders to the corporation's trustees.
10 February 2011
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