News

US - The deficits of S&P 1500 pension funds increased by $86bn to $315bn in 2010, research by Mercer shows.

The Electricity Supply Pension Scheme is searching for a pensions administrator as it considers a restructuring of its central services.

People with several small occupational pensions should be able to group them together for trivial commutation, Hargreaves Lansdown head of pensions research Tom McPhail says.

Fixed income investors should brace themselves for another volatile 12 months but good returns can be achieved, fund managers say.

Pension Action Group members have begun a letter writing campaign over the RPI/CPI switch which will reduce their Financial Assistance Scheme payments.

Trustees might have run out of time to notify members and sponsoring employers of allowing future surplus payments to employers under section 251, lawyers say.

The Barclays UK Retirement Fund has no intention of managing third party money despite launching its own asset management arm, its chief financial officer says.

The maximum fraud compensation levy chargeable to schemes could more than triple this year, government proposals reveal.

Pension funds will suffer "significant capital losses" if they continue to invest in sovereign bonds over equities, a leading fund manager says.

POLAND - Poland's benchmark index headed for the biggest two-day drop since May on concern that a government proposal to change the pension system will hurt fund inflows into central Europe's largest equity market.