News

The ongoing pensions dispute between BBC and unions looks set to end after the National Union of Journalists has agreed to terms secured at ACAS.

GLOBAL - Investment managers have been forced to lower fees for non-traditional asset classes as schemes look to cut operational costs, Mercer research reveals.

Investment managers have been forced to lower fees for non-traditional asset classes as schemes look to cut operational costs, Mercer research reveals.

Trustees involved in an enhanced transfer exercise must start from the presumption it is not in the best interests of members, The Pensions Regulator confirms.

Access to new flexible drawdown pensions will be restricted to people with a lifetime pension income of a minimum of £20,000 a year, the Treasury says.

US - Trustees of the $24bn retirement system for state employees in Pennsylvania have approved plans to shift assets from hedge funds to stocks and fixed-income securities.

PensionDCisions has teamed up with Professional Pensions to launch its 2011 Sponsor Default Survey.

US - The Pension Benefit Guaranty Corporation (PBGC) has taken responsibility for the under-funded pension plan of a bankrupt hospital.

UK - The government has announced it will introduce legislation in the Finance Bill 2011 to reduce the annual allowance from £255,000 ($402,000) to £50,000 and the lifetime allowance from £1.8m to £1.5m.

NEW ZEALAND - The Retirement Commission's recommendations for New Zealand retirement income policy do not go far enough, a politician has warned.