News

Northern Foods has recommended a takeover bid from Boparan Holdings after its scheme trustees agreed a deal over the fund's £142m deficit.

University workers will be balloted for strike action over pension changes after the Universities Superannuation Scheme confirmed an end to its final salary scheme for new entrants.

Fund manager Hermes has appointed Simon Cartwright and Jill Renwick as directors in its institutional business development team.

AUSTRALIA - European asset managers are showing an increased interest in opening up shop in Australia, said Nick Sherry, the country's former assistant treasurer and former minister for superannuation.

Russell Investments; Mercer; Aviva Investors; Hermes; BlackRock; Aegon UK; Newport Group; Xafinity Consulting; ETF Securities.

Plans to introduce a universal state pension could be held back until 2014 to give the coalition government a boost at the next general election, a policy expert says.

A third of employers say abolition of the default retirement age will prompt them to better promote their company pension scheme, Hargreaves Lansdown says.

Disadvantaged by the refund option; Current pension policies are misguided; Tough calls ahead on auto-enrolment; Pensions favour emerging debt over developed; Robbing Peter to pay Paul's pension

Regulatory focus on plugging scheme deficits quickly is "unhelpful" and could actually damage businesses and pension funds, Hymans Robertson warns.

US - Aluminium manufacturer Alcoa is to contribute $900m to its pension plans through a mix of cash and stocks.