News

Individuals who exceed the annual allowance may be allowed to meet the tax charges from their pension benefits, a Treasury consultation paper says.

LITHUANIA - The Lithuanian Association of Pension Fund Participants is suing the country's government for reducing contributions to its private pension system.

US - Pay practices at major Wall Street banks likely helped drive excessive risk-taking by executives and brought financial markets to the brink of collapse in 2008, a report claims.

UK - The number of investment consultancy tenders by defined benefit schemes fell in the first half of 2010, research shows.

UK - Transfers from contracted out defined benefit schemes to non-contracted out schemes will be permitted following a government rethink.

EUROPE - Institutional investors' still wrongly define green investing and socially responsible investment despite growing demand for the two themes, a European-wide survey says.

US - The US government is considering introducing new rules to ensure workers have a better understanding of target date retirement funds.

Ageing population putting Britain under 'unsustainable' pressure, OBR warns; Investors clear £4bn merger of British Airways with Iberia

Institutional investors appetite for sustainable investment is significant but many still wrongly defined green investing and socially responsible investment, a European survey says.

Trustees should monitor sponsor covenant to the same extent as fund performance, latest guidance from The Pensions Regulator says.