News
Regulation
Government is set to overhaul section 75 debt regulations this autumn by introducing ‘group guarantees' as an alternative to the payment of employer debt, PP has learned.
03 February 2011
•
Defined Benefit
Lord Hutton's recommendations for increasing employee contributions to help fund public sector pension schemes have been shelved from this year's Budget, the Treasury confirms.
03 February 2011
•
Regulation
Labour pensions spokeswoman Rachel Reeves has questioned the timing of the government's call for evidence on defined contribution regulation.
02 February 2011
•
US
US - New Jersey Governor Chris Christie said he doesn't mind breaking promises to pensioners to close a $10.5bn budget deficit - even if they sue.
02 February 2011
•
Employee Benefits
Incisive Media, the owner of Professional Pensions, has implemented the UK's first 100% employee-funded voluntary income protection scheme as part of a revamp of its You Choose benefits offering.
02 February 2011
•
North America
US/CANADA - UK risk management firm PensionsFirst has launched a new division to provide advanced risk management services to public and private sector pension plans in North America.
02 February 2011
•
Industry
Equalising annuity rates for men and women will be part of the "slow death for conventional annuities", Alexander Forbes Annuity Bureau says.
02 February 2011
•
Greece
GREECE - Greek telecom operator Hellenic Telecommunications Organisation (OTE) has said it will have to book a €129.8m ($179m) pensions cost charge to its 2010 accounts following an actuarial study by the Greek government.
02 February 2011
•
Investment
The threat to pension funds posed by soaring inflation and interest rate rises can be cushioned using absolute return strategies, Aviva Investors says.
02 February 2011
•
Risk Management
The trustees of the £260m Sun Chemical Pension Scheme have appointed Mercer to deliver an implemented investment solution.
02 February 2011
•
