News
Australia
AUSTRALIA - Australia's largest pension fund AustralianSuper has planned to merge with Westscheme to form a A$40bn ($40.2bn) fund with 1.7 million members.
10 February 2011
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Press
Uniq cedes shares to pension scheme; MoD cites spending cuts in row over pension changes for armed forces; Pensions safety net surplus hits £42bn on market rise
10 February 2011
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US
US - The California State Teachers' Retirement System (CalSTRS) will today decide whether to introduce a risk overlay strategy across its $146.4bn portfolio.
10 February 2011
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Defined Benefit
Uniq has finally reached agreement with trustees in its long-running deficit for equity negotiations, which will see the scheme take control of 90.2% of the firm's shares.
10 February 2011
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US
US - The Pension Benefit Guaranty Corporation has reached an agreement with truck manufacturer PACCAR which has resulted in an employer contribution of $8m.
10 February 2011
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Industry
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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Legislation
Changes to pay-as-you-earn rules may see enhanced transfer value exercises for deferred members attracting significantly more tax, an industry body warns.
10 February 2011
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Defined Benefit
Global inflation will erode defined benefit deficits substantially but savers will have to accept they will be far worse off, Lindsay Tomlinson warns.
10 February 2011
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Appointments
Friends Provident has named Colin Williams as director of its corporate business after Paul McMahon quit the firm to join rival Aegon.
10 February 2011
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Defined Benefit
The plight of George & Harding scheme members highlights the need for trustees to take independent advice on Pension Protection Fund eligibility, the lifeboat fund says.
10 February 2011
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