News

The government has hit problems with the reform of the state pension due to contracting-out complications and will now delay releasing its planned consultation, Ros Altmann says.

UK - Dutch manager Mn Services plans to sue Royal Bank of Scotland in the UK over losses relating to sub-prime mortgages and has been in discussions with other European schemes about joining the suit.

IRELAND - A bill allowing the government to take a hiatus from making contributions to the National Pensions Reserve Fund (NPRF) is expected to be passed into law today.

Lord Hutton will today end his call for evidence to the public sector pensions inquiry after the close of a seven-week consultation.

The Consumer Price Index is a bad measure for uprating pensions and needs to be replaced with a measure to include housing costs, the Royal Statistical Society says.

US - The New York State Common Retirement Fund (CRF) terminated BlackRock from a $1.6bn Russell 1000 Alpha Tilts large cap portfolio.

GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.

Aegon expects to complete a customer redress exercise currently estimated at £60m by the end of next year.

NETHERLANDS - ING Groep NV's Dutch pension fund's coverage ratio rose from 115% to 116% in November due to rising interest rates.

CANADA - The Caisse de dépôt et placement du Québec has awarded C$25m ($24m) of financing to Riverbank Power following its merger with Symbiotics Energy.