UK/US - AllianceBernstein is to launch a range of off-the-shelf target date funds for trust and contract- based defined contribution schemes.
GLOBAL - France, Germany, the UK and US must rein in their pension and health care expenditure if they are to stabilise their debt in the long term, a report by Moody's warns.
US - The State of Wisconsin Investment Board (SWIB) has allocated $600m to two risk parity strategy managers as part of its multi-asset allocation within the Wisconsin Retirement System (WRS).
The National Employment Savings Trust's efforts to simplify language used by pensions providers has been welcomed by the industry.
Members of Parliament yesterday approved the Postal Services Bill, which includes relieving Royal Mail of its £10.3bn pension fund deficit.
Default retirement age to be scrapped; NEST encourages plain-speaking; government publishes auto-enrolment bill; Saga urges Bank of England to increase interest rate; pensions need ‘radical overhaul'; UK warned over state pension burden; workers striking...
UK - The Government published its Pensions Bill today, covering proposed changes to auto-enrolment.
EUROPE - The European Insurance and Occupational Pensions Authority (EIOPA) has appointed Gabriel Bernardino as its inaugural chairman.
The government published its Pensions Bill today, covering proposed changes to auto-enrolment.
Employers will lose the right to force people to stop working at age 65 when the default retirement age is scrapped in April.