News

The Pensions Regulator has reinforced its concern employers are placing excessive pressure on members over enhanced transfer value exercises, outgoing chairman David Norgrove says.

PORTUGAL - Portugal Telecom has agreed to sign over its pension fund, which has €2.8bn ($3.7bn) in liabilities, to the state.

UK - F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.

UK - The UK private pension system is "not fit for purpose" and "hugely inefficient", research by the Royal Society for the encouragement of Arts, Manufactures and Commerce finds.

HUNGARY - Moody's Investors Service has downgraded Hungary in part because of its decision to nationalise its private pension system.

ASIA - Japan's Nikko Asset Management is strengthening its presence among institutional investors as it announced a deal to buy key parts of rival DBS Asset Management this morning.

PIMCO; Russell Investments; AXA Investment Managers; State Street Global Advisors; PensionsFirst; Mercer; Standard Life Investments

F&C Investments has merged a number of its key investment teams to form a new investment solutions division and announced three hires to boost its fiduciary offering.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.

Final salary pensions schemes no longer to be protected; Rethinking UK's pension provision; How the Government has tried to tackle the pensions time bomb; Pension probe into lump sums